Wall Street is positive on Strongbridge Biopharma plc (SBBP). On average, analysts give SBBP a Strong Buy rating. The average price target is $8, which means analysts expect the stock to increase by 174.91% over the next twelve months.
That average ranking earns SBBP an Analyst Rating of 78, which is better than 78% of stocks based on data compiled by InvestorsObserver.
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 Strongbridge Biopharma plc Stock Today?
Strongbridge Biopharma plc (SBBP) stock is trading at $2.91 as of 11:44 AM on Wednesday, Mar 3, a loss of -$0.21, or -6.73% from the previous closing price of $3.12. The stock has traded between $2.82 and $3.10 so far today. Volume today is 755,107 compared to average volume of 917,927.