Analyst Price Target is $50.00
▲ +740.34% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Cybin in the last 3 months. The average price target is $50.00, with a high forecast of $55.00 and a low forecast of $45.00. The average price target represents a 740.34% upside from the last price of $5.95.
Current Consensus is
Buy
The current consensus among 3 investment analysts is to buy stock in Cybin.
Cybin Inc., a clinical-stage biopharmaceutical company, focuses on developing psychedelic-based therapeutics. The company's development pipeline includes CYB003, a deuterated psilocybin analog, which is in Phase 1/2a clinical trial to treat major depressive and alcohol use disorders; CYB004, a deuterated dimethyltryptamine, which is in Phase 1 clinical trial for treating generalized anxiety disorders; and CYB005, a phenethylamine derivative, which in preclinical stage to treat neuroinflammation. It has also developed EMBARK, a psychological support model that integrates clinical approaches to promote supportive healing with psychedelic medicine. The company is headquartered in Toronto, Canada.
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