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What is Wall Street's Target Price for Novocure Ltd (NVCR) Stock Tuesday?

Tuesday, November 28, 2023 09:50 AM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Novocure Ltd (NVCR) Stock Tuesday?

Wall Street is positive on Novocure Ltd (NVCR). On average, analysts give Novocure Ltd a Buy rating. The average price target is $29.428, which means analysts expect the stock to gain by 156.34% over the next twelve months. That average ranking earns Novocure Ltd an Analyst Rating of 33, which is better than 33% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.9
Wall Street analysts are rating NVCR a Buy today. Find out what this means to you and get the rest of the rankings on NVCR!

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 Novocure Ltd Stock Today?

Novocure Ltd (NVCR) stock is trading at $11.48 as of 9:41 AM on Tuesday, Nov 28, a loss of -$0.43, or -3.61% from the previous closing price of $11.91. The stock has traded between $11.31 and $11.91 so far today. Volume today is below average. So far 2,334 shares have traded compared to average volume of 1,342,481 shares. Click Here to get the full Stock Report for Novocure Ltd stock.

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