Wall Street is positive on Zogenix, Inc. (ZGNX). On average, analysts give ZGNX a Strong Buy rating. The average price target is $42.4, which means analysts expect the stock to rise by 184.18% over the next twelve months.
That average ranking earns ZGNX an Analyst Rating of 60, which is better than 60% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating ZGNX a Strong Buy today. Find out what this means to you and get the rest of the rankings on ZGNX!
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Zogenix, Inc. Stock Today?
Zogenix, Inc. (ZGNX) stock has risen 0.74% while the S&P 500 is down -0.14% as of 1:58 PM on Tuesday, Sep 7. ZGNX has risen $0.11 from the previous closing price of $14.81 on volume of 229,787 shares. Over the past year the S&P 500 has risen 35.94% while ZGNX is down -38.85%. ZGNX lost -$4.39 per share the over the last 12 months.
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