Stocks

Pliant Therapeutics, Inc. (NASDAQ:PLRX) Analysts Favor a 'Buy' Recommendation

Published November 3, 2024

Pliant Therapeutics, Inc. (NASDAQ:PLRX) has recently received a consensus recommendation of "Buy" from analysts that have been monitoring the stock. This consensus is based on the evaluations of nine Wall Street firms that have issued ratings on Pliant over the last year.

Current Stock Price

The current trading price of Pliant Therapeutics is $14.52, which reflects an increase of 3.20% (+0.45) as of November 1, 2024.

Consensus Ratings Explained

MarketBeat compiles analyst recommendations using their latest ratings from Wall Street experts. Each rating is assigned a score ranging from 1 (sell) to 4 (strong buy). Ratings are averaged to derive a consensus score that classifies the stock into categories such as sell, hold, buy, or strong buy. For Pliant Therapeutics, the consensus rating indicates a general approval among analysts.

Breakdown of Ratings

Out of the nine analysts covering Pliant Therapeutics, eight have given the stock a "buy" recommendation, while one has rated it as a strong buy. This suggests a strong belief in the stock's potential.

Price Target Expectations

The average twelve-month price target set by these analysts stands at $40.57. The highest individual price target projected for PLRX is $45.00, whereas the lowest target is $33.00. This average target suggests a significant potential upside of approximately 179.42% compared to its current price.

Analyst Activity Over Time

The analysts' evaluations of Pliant Therapeutics may change over time, reflecting their ongoing analysis of the company’s performance and market conditions. Continuous monitoring of these ratings can provide investors with insights into how expert analysts perceive the company's growth potential.

Comparative Analysis

TypePliant TherapeuticsMedical CompaniesS&P 500
Consensus Rating Score3.112.792.50
Consensus RatingBuyModerate BuyHold
Predicted Upside179.42% Upside15,871.88% Upside10.59% Upside
News Sentiment RatingNeutral NewsNeutral NewsPositive News

Recent Analyst Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/DownsideDetails
9/13/2024HC WainwrightReiteratedBuy$38.00+220.95%
9/9/2024Leerink PartnersF. KhurshidUpgradeStrong-Buy
8/8/2024Cantor FitzgeraldReiteratedOverweight
5/7/2024CitigroupLower TargetBuy$44.00+223.53%
12/13/2022Stifel NicolausInitiated CoverageBuy$33.00+73.23%

Overall, Pliant Therapeutics appears to be a favorable investment opportunity as indicated by the positive ratings from analysts and the strong price target expectations.

Pliant, Therapeutics, Analysts