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Do Analysts Agree Friday on Relay Therapeutics Inc (RLAY) Stock's Target Price?

Friday, January 21, 2022 02:22 PM | InvestorsObserver Analysts

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Do Analysts Agree Friday on Relay Therapeutics Inc (RLAY) Stock's Target Price?

Analysts who follow Relay Therapeutics Inc (RLAY) on average expect it to gain 124.83% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 74, which means it ranks higher than 74 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 5
Wall Street analysts are rating RLAY a Strong Buy today. Find out what this means to you and get the rest of the rankings on RLAY!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Relay Therapeutics Inc Stock Today?

Relay Therapeutics Inc (RLAY) stock is trading at $22.98 as of 2:15 PM on Friday, Jan 21, a drop of -$0.56, or -2.36% from the previous closing price of $23.53. The stock has traded between $22.91 and $24.21 so far today. Volume today is less active than usual. So far 362,051 shares have traded compared to average volume of 538,636 shares. Click Here to get the full Stock Report for Relay Therapeutics Inc stock.

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