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Where Does Wall Street Think Invitae Corp (NVTA) Stock Will Go?

Thursday, June 30, 2022 12:12 PM | InvestorsObserver Analysts
Where Does Wall Street Think Invitae Corp (NVTA) Stock Will Go?

Wall Street is positive on Invitae Corp (NVTA). On average, analysts give the stock a Buy rating. The average price target is $13.968, which means analysts expect the stock to add by 467.80% over the next twelve months. That average ranking earns the stock an Analyst Rating of 25, which is better than 25% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.8
Wall Street analysts are rating NVTA a Buy today. Find out what this means to you and get the rest of the rankings on NVTA!

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 Invitae Corp Stock Today?

Invitae Corp (NVTA) stock is trading at $2.46 as of 12:11 PM on Thursday, Jun 30, a drop of -$0.07, or -2.77% from the previous closing price of $2.53. The stock has traded between $2.32 and $2.52 so far today. Volume today is low. So far 3,944,116 shares have traded compared to average volume of 10,349,856 shares. Click Here to get the full Stock Report for Invitae Corp stock.

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