Editas Medicine (EDIT) Stock Forecast, Price Target & Predictions


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EDIT Stock Forecast


Editas Medicine stock forecast is as follows: an average price target of $17.00 (represents a 330.38% upside from EDIT’s last price of $3.95) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

EDIT Price Target


The average price target for Editas Medicine (EDIT) is $17.00 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $44.00 to $7.00. This represents a potential 330.38% upside from EDIT's last price of $3.95.

EDIT Analyst Ratings


Buy

According to 11 Wall Street analysts, Editas Medicine's rating consensus is 'Buy'. The analyst rating breakdown for EDIT stock is 0 'Strong Buy' (0.00%), 7 'Buy' (63.64%), 4 'Hold' (36.36%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Editas Medicine Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 08, 2024Joon LeeTruist Financial$12.00$4.24183.02%203.80%
Aug 08, 2024Greg HarrisonBank of America Securities$15.00$4.21256.72%279.75%
May 30, 2024Liisa BaykoEvercore ISI$7.00$5.1037.25%77.22%
May 09, 2024Matthew HarrisonMorgan Stanley$7.00$5.0439.03%77.22%
Sep 28, 2023Dae Gon HaStifel Nicolaus$17.00$6.92145.66%330.38%
Dec 13, 2022-Citigroup$11.00$9.9610.44%178.48%
Nov 18, 2022-Morgan Stanley$8.00$10.63-24.78%102.53%
Nov 18, 2022-RBC Capital$14.00$11.0127.16%254.43%
Nov 18, 2022Joon LeeTruist Financial$35.00$11.01217.89%786.08%
Nov 18, 2022-Oppenheimer$12.00$11.018.99%203.80%
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The latest Editas Medicine stock forecast, released on Aug 08, 2024 by Joon Lee from Truist Financial, set a price target of $12.00, which represents a 183.02% increase from the stock price at the time of the forecast ($4.24), and a 203.80% increase from EDIT last price ($3.95).

Editas Medicine Price Target by Period


1M3M12M
# Anlaysts-25
Avg Price Target-$13.50$11.60
Last Closing Price$3.95$3.95$3.95
Upside/Downside-100.00%241.77%193.67%

In the current month, the average price target of Editas Medicine stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Editas Medicine's last price of $3.95. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 08, 2024Bank of America Securities-BuyUpgrade
Jun 18, 2024OppenheimerBuyBuyHold
May 08, 2024Morgan StanleyUnderweightEqual-WeightUpgrade
May 08, 2024CitigroupBuyBuyHold
Oct 17, 2023Cantor FitzgeraldOverweightNeutralDowngrade
Sep 29, 2023Piper Sandler-BuyUpgrade
Jun 12, 2023Raymond James-OutperformUpgrade
Feb 01, 2023Cantor Fitzgerald-OverweightInitialise
Jan 04, 2023Wells FargoOverweightOverweightHold
Dec 13, 2022Citigroup-NeutralInitialise
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Editas Medicine's last stock rating was published by Bank of America Securities on Aug 08, 2024. The company Upgrade its EDIT rating from "null" to "Buy".

Editas Medicine Financial Forecast


Editas Medicine Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue---------------$9.85M$6.54M$42.00K-$6.77M$12.47M$6.20M$379.00K$6.50M$11.42M$62.84M$10.75M$5.72M$12.28M$3.85M
Avg Forecast$920.21K$867.98K$818.72K$772.25K$9.34M$3.90M$3.90M$3.90M$17.82M$4.51M$4.78M$11.14M$3.70M$3.70M$4.17M$3.29M$3.66M$4.39M$4.29M$3.85M$4.64M$4.74M$6.03M$5.83M$5.64M$6.36M$6.34M$6.72M$44.61M$4.76M
High Forecast$920.21K$867.98K$818.72K$772.25K$9.34M$3.90M$3.90M$3.90M$17.82M$15.74M$4.78M$11.14M$15.40M$3.70M$4.17M$3.29M$3.66M$4.39M$4.29M$8.69M$10.47M$10.68M$13.59M$13.13M$12.72M$14.33M$14.28M$15.16M$100.58M$10.74M
Low Forecast$920.21K$867.98K$818.72K$772.25K$9.34M$3.90M$3.90M$3.90M$17.82M$291.83K$4.78M$11.14M$826.63K$3.70M$4.17M$3.29M$3.66M$4.39M$4.29M$1.48M$1.78M$1.82M$2.31M$2.23M$2.16M$2.44M$2.43M$2.58M$17.11M$1.83M
# Analysts999988889109494643755612115555544
Surprise %---------------3.00%1.79%0.01%-1.76%2.69%1.31%0.06%1.12%2.02%9.89%1.70%0.85%0.28%0.81%

Editas Medicine's average Quarter revenue forecast for Jun 23 based on 6 analysts is $4.17M, with a low forecast of $4.17M, and a high forecast of $4.17M. EDIT's average Quarter revenue forecast represents a -57.65% decrease compared to the company's last Quarter revenue of $9.85M (Mar 23).

Editas Medicine EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988889109494643755612115555544
EBITDA-------------$-45.02M$-40.29M$-50.96M$-63.45M$-55.92M-$-49.19M$-39.92M$-37.89M$-54.07M$-55.56M$-61.32M$8.93M$-23.29M$-38.48M$-38.63M$-33.89M
Avg Forecast$-920.21K$-867.98K$-818.72K$-772.25K$-9.34M$-3.90M$-3.90M$-3.90M$-17.82M$-4.51M$-4.78M$-62.38M$-3.70M$-3.70M$-4.17M$-56.71M$-3.66M$-54.39M$-4.29M$-51.56M$-46.02M$-49.44M$-56.61M$-45.67M$-39.77M$-6.36M$-30.80M$-43.36M$-187.76M$-36.72M
High Forecast$-920.21K$-867.98K$-818.72K$-772.25K$-9.34M$-3.90M$-3.90M$-3.90M$-17.82M$-291.83K$-4.78M$-49.91M$-826.63K$-3.70M$-4.17M$-45.37M$-3.66M$-43.51M$-4.29M$-41.25M$-36.82M$-39.56M$-45.29M$-36.54M$-31.82M$-2.44M$-24.64M$-34.69M$-150.21M$-29.37M
Low Forecast$-920.21K$-867.98K$-818.72K$-772.25K$-9.34M$-3.90M$-3.90M$-3.90M$-17.82M$-15.74M$-4.78M$-74.86M$-15.40M$-3.70M$-4.17M$-68.06M$-3.66M$-65.27M$-4.29M$-61.87M$-55.23M$-59.33M$-67.93M$-54.80M$-47.73M$-14.33M$-36.96M$-52.03M$-225.31M$-44.06M
Surprise %-------------12.16%9.66%0.90%17.34%1.03%-0.95%0.87%0.77%0.96%1.22%1.54%-1.40%0.76%0.89%0.21%0.92%

5 analysts predict EDIT's average Quarter EBITDA for Dec 20 to be $-39.77M, with a high of $-31.82M and a low of $-47.73M. This is -545.58% lower than Editas Medicine's previous annual EBITDA (Sep 20) of $8.93M.

Editas Medicine Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988889109494643755612115555544
Net Income-------------$-45.02M$-40.29M$-45.57M$-55.03M$-53.93M-$-50.28M$-41.44M$-39.08M$-55.26M$-56.73M$-62.50M$7.82M$-23.57M$-37.72M$-37.77M$-32.94M
Avg Forecast$-38.04M$-66.00M$-62.24M$-62.39M$-54.78M$-59.63M$-58.57M$-58.10M$-48.91M$-64.02M$-57.95M$-64.99M$-48.89M$-47.34M$-63.12M$-59.08M$-64.91M$-56.10M$-66.23M$-53.71M$-47.77M$-51.00M$-57.86M$-46.63M$-40.54M$15.39M$-31.17M$-42.50M$-183.56M$-35.69M
High Forecast$-38.04M$-66.00M$-62.24M$-62.39M$-54.78M$-59.63M$-58.57M$-58.10M$-48.91M$-37.56M$-57.95M$-51.99M$19.74M$-47.34M$-63.12M$-47.27M$-64.91M$-44.88M$-66.23M$-42.97M$-38.21M$-40.80M$-46.29M$-37.30M$-32.43M$18.47M$-24.93M$-34.00M$-146.85M$-28.55M
Low Forecast$-38.04M$-66.00M$-62.24M$-62.39M$-54.78M$-59.63M$-58.57M$-58.10M$-48.91M$-75.97M$-57.95M$-77.99M$-70.52M$-47.34M$-63.12M$-70.90M$-64.91M$-67.32M$-66.23M$-64.45M$-57.32M$-61.20M$-69.43M$-55.95M$-48.65M$12.31M$-37.40M$-51.00M$-220.27M$-42.82M
Surprise %-------------0.95%0.64%0.77%0.85%0.96%-0.94%0.87%0.77%0.96%1.22%1.54%0.51%0.76%0.89%0.21%0.92%

Editas Medicine's average Quarter net income forecast for Dec 20 is $-40.54M, with a range of $-48.65M to $-32.43M. EDIT's average Quarter net income forecast represents a -618.48% decrease compared to the company's last Quarter net income of $7.82M (Sep 20).

Editas Medicine SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988889109494643755612115555544
SG&A-------------$14.99M$17.20M$23.01M$17.98M$16.24M-$19.55M$16.53M$16.18M$22.03M$21.45M$15.79M$19.94M$14.08M$17.77M$16.92M$15.73M
Avg Forecast$2.09M$1.97M$1.86M$1.75M$21.21M$8.86M$8.86M$8.86M$40.46M$10.24M$10.85M$25.29M$8.39M$8.41M$9.47M$7.46M$8.30M$9.97M$9.74M$8.75M$10.54M$10.76M$13.68M$13.22M$12.81M$14.43M$14.38M$15.27M$101.27M$10.82M
High Forecast$2.09M$1.97M$1.86M$1.75M$21.21M$8.86M$8.86M$8.86M$40.46M$35.72M$10.85M$25.29M$34.96M$8.41M$9.47M$7.46M$8.30M$9.97M$9.74M$19.72M$23.77M$24.25M$30.85M$29.81M$28.88M$32.54M$32.43M$34.42M$228.32M$24.39M
Low Forecast$2.09M$1.97M$1.86M$1.75M$21.21M$8.86M$8.86M$8.86M$40.46M$662.44K$10.85M$25.29M$1.88M$8.41M$9.47M$7.46M$8.30M$9.97M$9.74M$3.35M$4.04M$4.12M$5.25M$5.07M$4.91M$5.53M$5.51M$5.85M$38.83M$4.15M
Surprise %-------------1.78%1.82%3.09%2.17%1.63%-2.23%1.57%1.50%1.61%1.62%1.23%1.38%0.98%1.16%0.17%1.45%

Editas Medicine's average Quarter SG&A projection for Dec 23 is $8.39M, based on 9 Wall Street analysts, with a range of $1.88M to $34.96M. The forecast indicates a -43.99% fall compared to EDIT last annual SG&A of $14.99M (Sep 23).

Editas Medicine EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988889109494643755612115555544
EPS-------------$-0.00$-0.00$-0.66$-0.80$-0.78-$-0.73$-0.61$-0.57$-0.81$-0.86$-1.00$0.13$-0.43$-0.69$-0.74$-0.66
Avg Forecast$-0.46$-0.80$-0.76$-0.76$-0.67$-0.72$-0.71$-0.71$-0.59$-0.78$-0.70$-0.63$-0.59$-0.58$-0.77$-0.78$-0.79$-0.85$-0.81$-0.78$-0.71$-0.81$-0.82$-0.74$-0.76$-0.63$-0.79$-0.79$0.05$-0.71
High Forecast$-0.46$-0.80$-0.76$-0.76$-0.67$-0.72$-0.71$-0.71$-0.59$-0.46$-0.70$-0.63$0.24$-0.58$-0.77$-0.78$-0.79$-0.85$-0.81$-0.16$-0.14$-0.16$-0.16$-0.15$-0.15$-0.12$-0.16$-0.16$0.13$-0.14
Low Forecast$-0.46$-0.80$-0.76$-0.76$-0.67$-0.72$-0.71$-0.71$-0.59$-0.92$-0.70$-0.63$-0.86$-0.58$-0.77$-0.78$-0.79$-0.85$-0.81$-2.06$-1.87$-2.14$-2.17$-1.96$-2.00$-1.65$-2.07$-2.07$0.01$-1.86
Surprise %-------------0.00%0.00%0.84%1.01%0.91%-0.93%0.86%0.70%0.98%1.16%1.32%-0.21%0.55%0.88%-14.80%0.93%

According to 5 Wall Street analysts, Editas Medicine's projected average Quarter EPS for Dec 20 is $-0.76, with a low estimate of $-2.00 and a high estimate of $-0.15. This represents a -684.62% decrease compared to EDIT previous annual EPS of $0.13 (Sep 20).

Editas Medicine Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ALLOAllogene Therapeutics$2.96$29.00879.73%Buy
NTLAIntellia Therapeutics$22.07$119.16439.92%Buy
EDITEditas Medicine$3.95$17.00330.38%Buy
PRMEPrime Medicine$4.09$17.25321.76%Buy
VERVVerve Therapeutics$5.50$21.50290.91%Buy
SANASana Bio$4.47$12.00168.46%Buy
BEAMBeam Therapeutics$26.30$64.20144.11%Buy
CRSPCRISPR Therapeutics$48.94$109.58123.91%Buy
CRBUCaribou Biosciences$2.12$3.0041.51%Buy
DNAGinkgo Bioworks$6.32$7.3416.14%Buy
VRTXVertex Pharmaceuticals$485.37$381.05-21.49%Buy

EDIT Forecast FAQ


Yes, according to 11 Wall Street analysts, Editas Medicine (EDIT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 63.64% of EDIT's total ratings.

Editas Medicine (EDIT) average price target is $17 with a range of $7 to $44, implying a 330.38% from its last price of $3.95. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for EDIT stock, the company can go up by 330.38% (from the last price of $3.95 to the average price target of $17), up by 1013.92% based on the highest stock price target, and up by 77.22% based on the lowest stock price target.

EDIT's average twelve months analyst stock price target of $17 supports the claim that Editas Medicine can reach $6 in the near future.

Editas Medicine's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $21.05M (high $21.05M, low $21.05M), average EBITDA is $-21.051M (high $-21.051M, low $-21.051M), average net income is $-231M (high $-231M, low $-231M), average SG&A $47.79M (high $47.79M, low $47.79M), and average EPS is $-2.807 (high $-2.807, low $-2.807). EDIT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.38M (high $3.38M, low $3.38M), average EBITDA is $-3.379M (high $-3.379M, low $-3.379M), average net income is $-229M (high $-229M, low $-229M), average SG&A $7.67M (high $7.67M, low $7.67M), and average EPS is $-2.778 (high $-2.778, low $-2.778).

Based on Editas Medicine's last annual report (Dec 2022), the company's revenue was $19.71M, beating the average analysts forecast of $16.19M by 21.74%. Apple's EBITDA was $-226M, beating the average prediction of $-114M by 98.39%. The company's net income was $-204M, missing the average estimation of $-241M by -15.19%. Apple's SG&A was $70.7M, beating the average forecast of $36.76M by 92.36%. Lastly, the company's EPS was $-2.98, missing the average prediction of $-3.232 by -7.78%. In terms of the last quarterly report (Mar 2023), Editas Medicine's revenue was $9.85M, beating the average analysts' forecast of $3.29M by 199.87%. The company's EBITDA was $-50.961M, missing the average prediction of $-56.713M by -10.14%. Editas Medicine's net income was $-45.567M, missing the average estimation of $-59.083M by -22.88%. The company's SG&A was $23.01M, beating the average forecast of $7.46M by 208.54%. Lastly, the company's EPS was $-0.66, missing the average prediction of $-0.784 by -15.83%