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What is the Forecast Price for Castlight Health Inc (CSLT) Stock?

Thursday, January 02, 2020 11:04 AM | InvestorsObserver Analysts

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What is the Forecast Price for Castlight Health Inc (CSLT) Stock?

Wall Street is positive on Castlight Health Inc (CSLT). On average, analysts give Castlight Health Inc a Buy rating. The average price target is $2.7, which means analysts expect the stock to gain by 112.60% over the next twelve months.

That rating is better than 24% of stocks based on data compiled by InvestorsObserver.

Click Here to get the full report on Castlight Health Inc (CSLT) Stock.

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 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 Castlight Health Inc Stock Today?

Castlight Health Inc (CSLT) stock is down -4.51% while the S&P 500 is up 0.3% as of 11:00 AM on Thursday, Jan 2. CSLT has fallen -$0.06 from the previous closing price of $1.33 on volume of 165,478 shares. Over the past year the S&P 500 has gained 29.11% while CSLT has fallen -44.54%. CSLT lost -$0.22 per share the over the last 12 months.

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