Analyst Price Target is $7.50
▲ +2,067.63% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Cybin in the last 3 months. The average price target is $7.50, with a high forecast of $10.00 and a low forecast of $5.00. The average price target represents a 2,067.63% upside from the last price of $0.35.
Current Consensus is
Buy
The current consensus among 2 investment analysts is to buy stock in Cybin. This Buy consensus rating has held steady for over two years.
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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