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Analyst Expectations for ADC Therapeutics's Future

Benzinga ·  Nov 20, 2023 11:00

Within the last quarter, ADC Therapeutics (NYSE:ADCT) has observed the following analyst ratings:

BullishSomewhat BullishIndifferentSomewhat BearishBearish
Total Ratings22000
Last 30D10000
1M Ago01000
2M Ago00000
3M Ago11000

These 4 analysts have an average price target of $7.25 versus the current price of ADC Therapeutics at $0.6935, implying upside.

Below is a summary of how these 4 analysts rated ADC Therapeutics over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

price target chart

This current average represents a 22.29% decrease from the previous average price target of $9.33.

Stay up to date on ADC Therapeutics analyst ratings.

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How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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