On June 17, 2025, Citigroup initiated coverage on Arcellx (ACLX, Financial). Analyst Geoff Meacham announced a 'Buy' rating for the stock, indicating a positive outlook on its future performance.
Alongside the rating, Citigroup has set a price target of $110.00 USD for Arcellx (ACLX, Financial). This initiation suggests a strong belief in the company's potential to reach or surpass this value in the future, given current market conditions.
Investors and market observers may find this rating and price target an encouraging signal, as it highlights Citigroup's confidence in Arcellx (ACLX, Financial) as a viable investment option. Be sure to monitor any further updates or changes in coverage for more insights on its market trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Arcellx Inc (ACLX, Financial) is $111.53 with a high estimate of $134.00 and a low estimate of $93.00. The average target implies an upside of 74.03% from the current price of $64.09. More detailed estimate data can be found on the Arcellx Inc (ACLX) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Arcellx Inc's (ACLX, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
