What is Wall Street's Target Price for NanoString Technologies Inc (NSTG) Stock Thursday?

Thursday, December 30, 2021 11:57 AM | InvestorsObserver Analysts

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What is Wall Street's Target Price for NanoString Technologies Inc (NSTG) Stock Thursday?

Wall Street is positive on NanoString Technologies Inc (NSTG). On average, analysts give NSTG a Strong Buy rating. The average price target is $75.4, which means analysts expect the stock to climb by 76.83% over the next twelve months. That average ranking earns NSTG an Analyst Rating of 59, which is better than 59% of stocks based on data compiled by InvestorsObserver.

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

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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 NanoString Technologies Inc Stock Today?

NanoString Technologies Inc (NSTG) stock is trading at $42.64 as of 11:56 AM on Thursday, Dec 30, an increase of $2.09, or 5.15% from the previous closing price of $40.55. The stock has traded between $40.43 and $43.09 so far today. Volume today is 449,902 compared to average volume of 511,269. Click Here to get the full Stock Report for NanoString Technologies Inc stock.