Where Does Wall Street Think Otonomy Inc (OTIC) Stock Will Go?

Monday, December 19, 2022 03:32 PM | InvestorsObserver Analysts

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Where Does Wall Street Think Otonomy Inc (OTIC) Stock Will Go?

InvestorsObserver is giving Otonomy Inc (OTIC) an Analyst Rating Rank of 25, meaning OTIC is ranked higher by analysts than 25% of stocks. The average price target for OTIC is $9 and analyst’s rate the stock as a Buy.

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

See Full OTIC Report

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Otonomy Inc Stock Today?

Otonomy Inc (OTIC) stock has gained 30.22% while the S&P 500 is lower by -1.17% as of 3:32 PM on Monday, Dec 19. OTIC has risen $0.03 from the previous closing price of $0.09 on volume of 3,767,893 shares. Over the past year the S&P 500 is lower by -16.65% while OTIC is lower by -94.42%. OTIC lost -$0.77 per share the over the last 12 months. Click Here to get the full Stock Report for Otonomy Inc stock.