Do Analysts Agree Thursday on EQRx Inc (EQRX) Stock's Target Price?

Thursday, August 03, 2023 01:05 PM | InvestorsObserver Analysts

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Do Analysts Agree Thursday on EQRx Inc (EQRX) Stock's Target Price?

Wall Street is positive on EQRx Inc (EQRX). On average, analysts give EQRx Inc a Hold rating. The average price target is $2.55, which means analysts expect the stock to increase by 14.35% over the next twelve months. That average ranking earns EQRx Inc an Analyst Rating of 5, which is better than 5% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating EQRX a Hold today. Find out what this means to you and get the rest of the rankings on EQRX!

See Full EQRX Report

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With EQRx Inc Stock Today?

EQRx Inc (EQRX) stock is trading at $2.23 as of 1:04 PM on Thursday, Aug 3, an increase of $0.06, or 2.76% from the previous closing price of $2.17. The stock has traded between $2.17 and $2.26 so far today. Volume today is 5,981,442 compared to average volume of 5,723,738. Click Here to get the full Stock Report for EQRx Inc stock.