Wall Street is positive on Alector Inc (ALEC). On average, analysts give ALEC a Strong Buy rating. The average price target is $33.8, which means analysts expect the stock to increase by 70.45% over the next twelve months.
That average ranking earns ALEC an Analyst Rating of 76, which is better than 76% of stocks based on data compiled by InvestorsObserver.
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 Alector Inc Stock Today?
Alector Inc (ALEC) stock is trading at $19.83 as of 2:42 PM on Wednesday, Mar 31, an increase of $2.31, or 13.18% from the previous closing price of $17.52. The stock has traded between $17.33 and $20.00 so far today. Volume today is below average. So far 387,228 shares have traded compared to average volume of 753,542 shares.
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