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Incyte Corporation (INCY) Stock: Buy, Hold, or Sell?

Thursday, February 18, 2021 11:25 AM | InvestorsObserver Analysts
Incyte Corporation (INCY) Stock: Buy, Hold, or Sell?

Analysts who follow Incyte Corporation (INCY) on average expect it to rise 19.65% over the next twelve months. Those same analysts give the stock an average rating of Buy.

That average rating earns the stock an Analyst Ranking of 29, which means it ranks higher than 29 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.8
Wall Street analysts are rating INCY a Buy today. Find out what this means to you and get the rest of the rankings on INCY!

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 Incyte Corporation Stock Today?

Incyte Corporation (INCY) stock is trading at $82.06 as of 11:16 AM on Thursday, Feb 18, a drop of -$1.71, or -2.04% from the previous closing price of $83.77. The stock has traded between $79.82 and $83.05 so far today. Volume today is light. So far 755,414 shares have traded compared to average volume of 1,232,037 shares.

Click Here to get the full report on Incyte Corporation (INCY) Stock.

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