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Where Does Wall Street Think NanoString Technologies Inc (NSTG) Stock Will Go?

Friday, April 29, 2022 03:42 PM | InvestorsObserver Analysts
Where Does Wall Street Think NanoString Technologies Inc (NSTG) Stock Will Go?

InvestorsObserver is giving NanoString Technologies Inc (NSTG) an Analyst Rating Rank of 58, meaning NSTG is ranked higher by analysts than 58% of stocks. The average price target for NSTG is $51.166 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.6
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!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With NanoString Technologies Inc Stock Today?

NanoString Technologies Inc (NSTG) stock is trading at $18.90 as of 3:41 PM on Friday, Apr 29, a drop of -$0.96, or -4.83% from the previous closing price of $19.86. The stock has traded between $18.79 and $20.31 so far today. Volume today is 687,473 compared to average volume of 901,998. Click Here to get the full Stock Report for NanoString Technologies Inc stock.

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