Do analysts agree on the target price for Revolution Medicines Inc (RVMD) stock on Monday?

InvestorsObserver gives Revolution Medicines Inc (RVMD) an analyst rating of 59, which means RVMD is ranked higher by analysts than 59% of stocks. The average price target for RVMD is $32.25 and analysts rate the stock as a strong buy.

Wall Street analysts today rate RVMD as a strong buy. Find out what this means for you and get the rest of the rankings on RVMD!

Why are analyst ratings important?

While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.

InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than the typical buy/sell/hold ranking.

What’s going on with Revolution Medicines Inc stock today?

Revolution Medicines Inc (RVMD) stock is trading at $16.66 at 3:59 p.m. on Monday, May 23, up $0.93, or 5.91% from the previous closing price of 15, $73. The stock has traded between $15.32 and $16.79 so far today. Today, the volume is below average. So far, 285,233 shares have been traded with an average volume of 612,458 shares. Click here for the full Revolution Medicines Inc. stock report.

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