Incyte Stock Target Price and Analyst Consensus

INCY Stock  USD 57.12  0.57  1.01%   
The current analyst and expert consensus on Incyte is Buy with 11 hold recommendations. The current projected Incyte target price consensus is 82.13 with 23 analyst opinions. One of the most common ways Incyte analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Incyte vendors, executives, and/or customers. Incyte recommendation module provides expert sentiment on the projected Incyte target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Incyte to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Incyte Stock please use our How to Invest in Incyte guide.
Lowest Forecast
74.74
Highest Forecast
91.16
Target Price
82.13
Gross Profit is likely to rise to about 3.6 B in 2024. Pretax Profit Margin is likely to rise to 0.24 in 2024. At this time, Incyte's Other Current Assets are fairly stable compared to the past year. Other Stockholder Equity is likely to rise to about 5.3 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 36.4 M in 2024.
  
It's important to approach Incyte's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Incyte Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Incyte target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Incyte's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   23  Buy
Most Incyte analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Incyte stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Incyte, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Incyte Target Price Projection

Incyte's current and average target prices are 57.12 and 82.13, respectively. The current price of Incyte is the price at which Incyte is currently trading. On the other hand, Incyte's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Incyte Market Quote on 28th of March 2024

Low Price56.5Odds
High Price57.35Odds

57.12

Target Price

Analyst Consensus On Incyte Target Price

Low Estimate74.74Odds
High Estimate91.16Odds

82.13

Historical Lowest Forecast  74.74 Target Price  82.13 Highest Forecast  91.16
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Incyte and the information provided on this page.

Incyte Analyst Ratings

Incyte's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Incyte stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Incyte's financials, market performance, and future outlook by experienced professionals. Incyte's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Incyte price targets

Incyte's stock target price is an estimate of its future price, usually made by analysts. Using Incyte's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Incyte's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Incyte's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Incyte Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Incyte is a key component of Incyte valuation and have some predictive power on the future returns of a Incyte.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Incyte's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
55.6157.1258.63
Details
Intrinsic
Valuation
LowRealHigh
49.9051.4162.83
Details
Naive
Forecast
LowNextHigh
55.5157.0258.53
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.600.871.21
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Incyte. Your research has to be compared to or analyzed against Incyte's peers to derive any actionable benefits. When done correctly, Incyte's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Incyte.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Adviser Favorites Idea
Adviser Favorites
Invested few shares
Momentum Idea
Momentum
Invested a lot of shares
Business Services Idea
Business Services
Invested over 100 shares
Macroaxis Index Idea
Macroaxis Index
Invested few shares
Baby Boomer Prospects Idea
Baby Boomer Prospects
Invested over 40 shares
When determining whether Incyte offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Incyte's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Incyte Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Incyte Stock:
Check out Macroaxis Advice on Incyte to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Incyte Stock please use our How to Invest in Incyte guide.
Note that the Incyte information on this page should be used as a complementary analysis to other Incyte's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.

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When running Incyte's price analysis, check to measure Incyte's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Incyte is operating at the current time. Most of Incyte's value examination focuses on studying past and present price action to predict the probability of Incyte's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Incyte's price. Additionally, you may evaluate how the addition of Incyte to your portfolios can decrease your overall portfolio volatility.
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The data published in Incyte's official financial statements usually reflect Incyte's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Incyte. For example, before you start analyzing numbers published by Incyte accountants, it's critical to develop an understanding of what Incyte's liquidity, profitability, and earnings quality are in the context of the Biotechnology space in which it operates.
Please note, the presentation of Incyte's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Incyte's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Incyte's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Incyte. Please utilize our Beneish M Score to check the likelihood of Incyte's management manipulating its earnings.