Wall Street is positive on Cassava Sciences Inc (SAVA). On average, analysts give the stock a Strong Buy rating. The average price target is $19.333, which means analysts expect the stock to gain by 37.02% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 79, which is better than 79% 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 Cassava Sciences Inc Stock Today?
Cassava Sciences Inc (SAVA) stock has risen 9.63% while the S&P 500 is down -0.46% as of 11:25 AM on Monday, Jan 25. SAVA has risen $1.24 from the previous closing price of $12.87 on volume of 1,574,047 shares. Over the past year the S&P 500 is higher by 17.89% while SAVA has risen 97.34%. SAVA lost -$0.23 per share the over the last 12 months.