From Nasdaq:



Arvinas, Inc. (ARVN) is trading at $39.64, up 81.3% in the past four weeks. The mean price target of $56.31 from 16 short-term price targets indicates a 42.1% upside potential, backed by a strong agreement among analysts about the company’s potential to report better earnings than they predicted earlier. While an impressive price target doesn’t guarantee a rise, it’s a good starting point for further research. The Zacks Consensus Estimate suggests a 0.7% increase for the current year too.

However, a tight clustering of price targets, indicating a low standard deviation, suggests analysts have a high degree of agreement about the direction and magnitude of stock price movement. ARVN has a Zacks Rank #2 (Buy), which implies a possible upside in the stock immediately. It’s important to conduct further research on offsetting potential fundamental driving forces and not to entirely rely on these price targets for investment decisions.



Read more: Wall Street Analysts Believe Arvinas, Inc. (ARVN) Could Rally 42.05%: Here’s is How to Trade