Analyst Price Target is $10.67
▲ +708.08% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Eledon Pharmaceuticals in the last 3 months. The average price target is $10.67, with a high forecast of $13.00 and a low forecast of $9.00. The average price target represents a 708.08% upside from the last price of $1.32.
Current Consensus is
The current consensus among 3 polled investment analysts is to buy stock in Eledon Pharmaceuticals. This Buy consensus rating has held steady for over two years.
Eledon Pharmaceuticals, Inc. operates as a clinical stage biotechnology company. The company uses its immunology expertise in targeting the CD40 Ligand (CD40L, also called CD154) pathway to develop therapies to protect transplanted organs and prevent rejection, and to treat amyotrophic lateral sclerosis (ALS). The company's lead compound in development is tegoprubart, an anti-CD40L antibody with high affinity for CD40 Ligand, a biological target with therapeutic potential. It has a collaboration agreement with eGenesis, Inc. The company was formerly known as Novus Therapeutics, Inc. and changed its name to Eledon Pharmaceuticals, Inc. in January 2021. Eledon Pharmaceuticals, Inc. is headquartered in Irvine, California.