H.C. Wainwright has lowered its rating of SpringWorks Therapeutics (SWTX, Financial) from Buy to Neutral, adjusting the price target from $74 to $47. This change comes in light of the recent acquisition agreement with Merck KGaA. The firm anticipates no competing offers will surface.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for SpringWorks Therapeutics Inc (SWTX, Financial) is $58.71 with a high estimate of $84.00 and a low estimate of $47.00. The average target implies an upside of 26.98% from the current price of $46.24. More detailed estimate data can be found on the SpringWorks Therapeutics Inc (SWTX) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, SpringWorks Therapeutics Inc's (SWTX, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.