Wall Street Analysts Believe Alvotech (ALVO) Could Rally 39.83%: Here's is How to Trade [Yahoo! Finance]
Alvotech (ALVO)
Company Research
Source: Yahoo! Finance
stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $16.50 indicates a 39.8% upside potential. The mean estimate comprises four short-term price targets with a standard deviation of $9.15. While the lowest estimate of $6 indicates a 49.2% decline from the current price level, the most optimistic analyst expects the stock to surge 137.3% to reach $28. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable. However, an impressive consensus price target is not the only factor that indicates a potential upside in ALVO. This view is stren
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ALVO
News
- Alvotech Added to Nasdaq Biotech Index Effective Monday December 23, 2024 [Yahoo! Finance]Yahoo! Finance
- Alvotech Added to Nasdaq Biotech Index Effective Monday December 23, 2024GlobeNewswire
- Exploring Three High Growth Tech Stocks in the United States [Yahoo! Finance]Yahoo! Finance
- Alvotech's Position In The Coming Biosimilar Gold Rush [Seeking Alpha]Seeking Alpha
- Alvotech (ALVO) Q3 2024 Earnings Call Highlights: Record Revenue Growth and Strategic Advancements [Yahoo! Finance]Yahoo! Finance
ALVO
Earnings
- 5/21/24 - Miss
ALVO
Sec Filings
- 12/23/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/6/24 - Form SC
- ALVO's page on the SEC website