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What is Wall Street's Target Price for Otonomy Inc (OTIC) Stock Wednesday?

Wednesday, March 31, 2021 12:03 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Otonomy Inc (OTIC) Stock Wednesday?

Wall Street is positive on Otonomy Inc (OTIC). On average, analysts give the stock a Strong Buy rating. The average price target is $5.375, which means analysts expect the stock to climb by 113.29% over the next twelve months.

That average ranking earns the stock an Analyst Rating of 78, which is better than 78% of stocks based on data compiled by InvestorsObserver.

Overall Score - 5
Wall Street analysts are rating OTIC a Strong Buy today. Find out what this means to you and get the rest of the rankings on OTIC!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve.

InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Otonomy Inc Stock Today?

Otonomy Inc (OTIC) stock is trading at $2.52 as of 11:58 AM on Wednesday, Mar 31, a gain of $0.03, or 1.2% from the previous closing price of $2.49. The stock has traded between $2.50 and $2.59 so far today. Volume today is 1,398,681 compared to average volume of 1,533,782.

Click Here to get the full report on Otonomy Inc (OTIC) Stock.

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