What is Wall Street's Target Price for Invitae Corp (NVTA) Stock Friday?

Friday, November 24, 2023 01:05 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Invitae Corp (NVTA) Stock Friday?

Wall Street is positive on Invitae Corp (NVTA). On average, analysts give the stock a Hold rating. The average price target is $1.31, which means analysts expect the stock to add by 142.59% over the next twelve months. That average ranking earns the stock an Analyst Rating of 1, which is better than 1% of stocks based on data compiled by InvestorsObserver.

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

See Full NVTA Report

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 Invitae Corp Stock Today?

Invitae Corp (NVTA) stock is flat -0.52% while the S&P 500 has gained 0.06% as of 1:00 PM on Friday, Nov 24. NVTA is unchanged $0.00 from the previous closing price of $0.54 on volume of 2,180,056 shares. Over the past year the S&P 500 has risen 13.24% while NVTA is down -80.58%. NVTA lost -$5.38 per share the over the last 12 months. Click Here to get the full Stock Report for Invitae Corp stock.