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Prime Medicine - PRME Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $16.89
  • Forecasted Upside: 292.76%
  • Number of Analysts: 10
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
$4.30 As of 04/25/2024 01:00 AM ET
▼ -0.4 (-8.51%)

This chart shows the closing price for PRME by one month, three months, or twelve months.

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Analyst Price Target for PRME

Analyst Price Target is $16.89
▲ +292.76% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Prime Medicine in the last 3 months. The average price target is $16.89, with a high forecast of $26.00 and a low forecast of $9.00. The average price target represents a 292.76% upside from the last price of $4.30.

This chart shows the closing price for PRME for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 10 contributing investment analysts is to moderate buy stock in Prime Medicine. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
11/2/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
1/31/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/23/2024WedbushReiterated RatingOutperform ➝ Outperform$12.00Low
4/22/2024Chardan CapitalInitiated CoverageBuy$17.00Low
4/8/2024TD CowenInitiated CoverageBuyLow
4/2/2024WedbushInitiated CoverageOutperform$12.00Low
3/5/2024GuggenheimLower TargetBuy ➝ Buy$24.00 ➝ $20.00Low
1/16/2024Stifel NicolausDowngradeBuy ➝ Hold$18.00 ➝ $9.00Low
12/8/2023CitigroupInitiated CoverageNeutral$10.00Low
11/7/2023JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$27.00 ➝ $26.00Low
10/9/2023BMO Capital MarketsInitiated CoverageOutperform$19.00Low
9/6/2023JonestradingInitiated CoverageBuy$20.00Low
8/14/2023Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$21.00 ➝ $19.00Low
7/31/2023GuggenheimInitiated CoverageBuy$24.00Low
(Data available from 4/25/2019 forward)

News Sentiment Rating

0.39 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/28/2023
  • 2 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/28/2023
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/27/2023
  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/27/2023
  • 6 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
1/26/2024
  • 4 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/25/2024
  • 9 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2024
  • 7 very positive mentions
  • 15 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2024

Current Sentiment

  • 7 very positive mentions
  • 15 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Prime Medicine logo
Prime Medicine, Inc., a biotechnology company, delivers genetic therapies to address the spectrum of diseases by deploying gene editing technology. The company offers Prime Editors with a Prime Editor protein, comprising a fusion between a Cas protein and a reverse transcriptase enzyme; and a pegRNA, which targets the Prime Editor to a specific genomic location and provides a template for making the desired edit to the target DNA sequence. It has a research collaboration with Cimeio Therapeutics to develop Prime Edited Shielded-Cell & Immunotherapy Pairs for genetic diseases, acute myeloid leukemia, and myelodysplastic syndrome. The company was incorporated in 2019 and is based in Cambridge, Massachusetts.
Read More

Today's Range

Now: $4.30
Low: $4.11
High: $4.60

50 Day Range

MA: $6.95
Low: $4.30
High: $9.39

52 Week Range

Now: $4.30
Low: $4.11
High: $17.20

Volume

848,905 shs

Average Volume

685,821 shs

Market Capitalization

$516.09 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.8

Frequently Asked Questions

What sell-side analysts currently cover shares of Prime Medicine?

The following sell-side analysts have issued research reports on Prime Medicine in the last twelve months: BMO Capital Markets, Chardan Capital, Citigroup Inc., Guggenheim, Jonestrading, JPMorgan Chase & Co., Morgan Stanley, Stifel Nicolaus, StockNews.com, TD Cowen, and Wedbush.
View the latest analyst ratings for PRME.

What is the current price target for Prime Medicine?

9 Wall Street analysts have set twelve-month price targets for Prime Medicine in the last year. Their average twelve-month price target is $16.89, suggesting a possible upside of 292.8%. JPMorgan Chase & Co. has the highest price target set, predicting PRME will reach $26.00 in the next twelve months. Stifel Nicolaus has the lowest price target set, forecasting a price of $9.00 for Prime Medicine in the next year.
View the latest price targets for PRME.

What is the current consensus analyst rating for Prime Medicine?

Prime Medicine currently has 3 hold ratings and 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for PRME.

What other companies compete with Prime Medicine?

Other companies that are similar to Prime Medicine include VectivBio, Allogene Therapeutics, Novavax, Valneva and Fate Therapeutics. Learn More about companies similar to Prime Medicine.

How do I contact Prime Medicine's investor relations team?

Prime Medicine's physical mailing address is 21 Erie Street, Cambridge MA, 02139. The company's listed phone number is 617-564-0013 and its investor relations email address is [email protected]. The official website for Prime Medicine is primemedicine.com. Learn More about contacing Prime Medicine investor relations.