Tricida Inc (TCDA) Stock: Do Analysts Think You Should Hold?

Wednesday, January 18, 2023 11:29 AM | InvestorsObserver Analysts

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Tricida Inc (TCDA) Stock: Do Analysts Think You Should Hold?

Wall Street is positive on Tricida Inc (TCDA). On average, analysts give Tricida Inc a Hold rating. The average price target is $16, which means analysts expect the stock to increase by 10566.67% over the next twelve months. That average ranking earns Tricida Inc an Analyst Rating of 6, which is better than 6% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating TCDA a Hold today. Find out what this means to you and get the rest of the rankings on TCDA!

See Full TCDA Report

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 Tricida Inc Stock Today?

Tricida Inc (TCDA) stock has gained 16.91% while the S&P 500 has fallen -0.66% as of 11:27 AM on Wednesday, Jan 18. TCDA is up $0.02 from the previous closing price of $0.13 on volume of 41,265,877 shares. Over the past year the S&P 500 is down -13.38% while TCDA has fallen -98.29%. TCDA lost -$2.37 per share the over the last 12 months. Click Here to get the full Stock Report for Tricida Inc stock.