NASDAQ:INM - InMed Pharmaceuticals Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $11.50
  • Forecasted Upside: 173.81 %
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$4.20
▲ +0.01 (0.24%)
1 month | 3 months | 12 months
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Analyst Price Target for INM

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$11.50
▲ +173.81% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for InMed Pharmaceuticals in the last 3 months. The average price target is $11.50, with a high forecast of $11.50 and a low forecast of $11.50. The average price target represents a 173.81% upside from the last price of $4.20.
Buy
The current consensus among 1 contributing investment analysts is to buy stock in InMed Pharmaceuticals.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/13/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
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12/12/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
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3/11/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/9/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/7/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/6/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
2/4/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/6/2021

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/16/2021Roth CapitalLower Price TargetBuy$12.00 ➝ $11.50Low
i
Rating by S. Henry at Roth Capital
1/29/2021Roth CapitalReiterated RatingBuyLow
i
Rating by S. Henry at Roth Capital
(Data available from 3/7/2016 forward)
InMed Pharmaceuticals logo
InMed Pharmaceuticals Inc., a clinical stage pharmaceutical company, researches and develops cannabinoid-based therapies. The company's lead product is INM-755, a cannabinol topical cream, which is in a second Phase I clinical trials for the treatment of epidermolysis bullosa. The company is also involved in developing INM-088, which is in preclinical studies for the treatment of glaucoma; and INM-405 for the treatment of orofacial pain. In addition, it engages in the development of cannabinoid-based treatments for various diseases, including dermatology and ocular diseases. Further, the company works on IND-enabling pharmacology and preclinical toxicology studies. It has a research collaboration agreement with BayMedica Inc. for the manufacturing and testing of novel cannabinoid therapeutics. The company was formerly known as Cannabis Technologies Inc. and changed its name to InMed Pharmaceuticals Inc. in October 2014. InMed Pharmaceuticals Inc. was incorporated in 1981 and is based in Vancouver, Canada.
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Today's Range

Now: $4.20
$4.02
$4.41

50 Day Range

MA: $4.48
$3.95
$5.35

52 Week Range

Now: $4.20
$2.95
$10.43

Volume

97,657 shs

Average Volume

292,282 shs

Market Capitalization

$33.81 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of InMed Pharmaceuticals?

The following Wall Street analysts have issued reports on InMed Pharmaceuticals in the last year: Roth Capital.
View the latest analyst ratings for INM.

What is the current price target for InMed Pharmaceuticals?

1 Wall Street analysts have set twelve-month price targets for InMed Pharmaceuticals in the last year. Their average twelve-month price target is $11.50, suggesting a possible upside of 173.8%. Roth Capital has the highest price target set, predicting INM will reach $11.50 in the next twelve months. Roth Capital has the lowest price target set, forecasting a price of $11.50 for InMed Pharmaceuticals in the next year.
View the latest price targets for INM.

What is the current consensus analyst rating for InMed Pharmaceuticals?

InMed Pharmaceuticals currently has 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe INM will outperform the market and that investors should add to their positions of InMed Pharmaceuticals.
View the latest ratings for INM.

What other companies compete with InMed Pharmaceuticals?

How do I contact InMed Pharmaceuticals' investor relations team?

The company's listed phone number is 604 669 7207. The official website for InMed Pharmaceuticals is www.inmedpharma.com.