Rigel Pharmaceuticals (RIGL) Stock Forecast, Price Target & Predictions


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RIGL Stock Forecast


Rigel Pharmaceuticals stock forecast is as follows: an average price target of $1.50 (represents a -88.74% downside from RIGL’s last price of $13.32) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.

RIGL Price Target


The average price target for Rigel Pharmaceuticals (RIGL) is $1.50 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $2.00 to $1.00. This represents a potential -88.74% downside from RIGL's last price of $13.32.

RIGL Analyst Ratings


Buy

According to 5 Wall Street analysts, Rigel Pharmaceuticals's rating consensus is 'Buy'. The analyst rating breakdown for RIGL stock is 0 'Strong Buy' (0.00%), 4 'Buy' (80.00%), 1 'Hold' (20.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Rigel Pharmaceuticals Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 17, 2022-Piper Sandler$2.00$1.5628.21%-84.98%
Jun 08, 2022Eun YangJefferies$1.00$0.7141.04%-92.49%
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The latest Rigel Pharmaceuticals stock forecast, released on Aug 17, 2022 by Piper Sandler company, set a price target of $2.00, which represents a 28.21% increase from the stock price at the time of the forecast ($1.56), and a -84.98% decrease from RIGL last price ($13.32).

Rigel Pharmaceuticals Price Target by Period


1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$13.32$13.32$13.32
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of Rigel Pharmaceuticals stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Rigel Pharmaceuticals's last price of $13.32. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 03, 2024H.C. WainwrightBuyBuyHold
Aug 07, 2024H.C. WainwrightBuyBuyHold
Dec 02, 2022Citigroup-BuyUpgrade
Aug 18, 2022H.C. WainwrightBuyBuyHold
Aug 16, 2022Piper SandlerNeutralNeutralHold
Jun 09, 2022BMO CapitalOutperformOutperformHold
Jun 08, 2022Jefferies-BuyDowngrade
Jun 08, 2022H.C. WainwrightBuyBuyHold
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Rigel Pharmaceuticals's last stock rating was published by H.C. Wainwright on Sep 03, 2024. The company gave RIGL a "Buy" rating, the same as its previous rate.

Rigel Pharmaceuticals Financial Forecast


Rigel Pharmaceuticals Revenue Forecast

Dec 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 19Jun 19Mar 19Dec 18Sep 18
Revenue---------$28.13M$26.89M$26.07M$51.28M$22.41M-$16.73M$20.41M$21.54M$26.27M$81.02M$18.45M$18.39M$16.02M$55.76M$15.40M$20.86M$10.41M$12.62M$37.86M$4.87M
Avg Forecast$50.90M$49.40M$46.55M$43.25M$47.70M$41.94M$33.42M$31.47M$34.10M$27.20M$25.70M$24.07M$36.52M$22.61M$23.65M$17.58M$21.90M$23.56M$20.37M$30.85M$18.37M$17.24M$13.75M$56.71M$15.66M$11.96M$9.28M$11.72M$37.86M$5.21M
High Forecast$55.84M$54.20M$51.07M$47.45M$52.33M$44.77M$36.66M$34.53M$37.41M$29.84M$28.20M$26.41M$40.07M$24.80M$23.65M$18.42M$22.94M$24.69M$21.34M$32.32M$19.25M$18.06M$14.41M$59.42M$16.40M$12.53M$9.72M$12.28M$45.43M$6.25M
Low Forecast$45.80M$44.45M$41.89M$38.92M$42.92M$38.88M$30.07M$28.32M$30.69M$24.47M$23.13M$21.66M$32.87M$20.34M$23.65M$16.55M$20.61M$22.18M$19.17M$29.04M$17.30M$16.22M$12.94M$53.38M$14.74M$11.26M$8.74M$11.03M$30.29M$4.17M
# Analysts33334541311111-1222333332345716
Surprise %---------1.03%1.05%1.08%1.40%0.99%-0.95%0.93%0.91%1.29%2.63%1.00%1.07%1.17%0.98%0.98%1.74%1.12%1.08%1.00%0.93%

Rigel Pharmaceuticals's average Quarter revenue forecast for Dec 23 based on 3 analysts is $34.10M, with a low forecast of $30.69M, and a high forecast of $37.41M. RIGL's average Quarter revenue forecast represents a 21.21% increase compared to the company's last Quarter revenue of $28.13M (Sep 23).

Rigel Pharmaceuticals EBITDA Forecast

Dec 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 19Jun 19Mar 19Dec 18Sep 18
# Analysts33334541311111-1222333332345716
EBITDA---------$-4.46M$-5.27M$-11.97M$3.83M$-17.97M-$-26.00M$-21.00M$-19.51M$-12.77M$41.99M$-18.60M$-13.58M$-17.06M$21.56M$-16.69M$-11.32M$-20.43M$-17.43M$3.39M$-23.61M
Avg Forecast$-19.46M$-18.89M$-17.80M$-16.54M$-18.24M$-16.03M$-12.78M$-26.97M$-13.04M$-10.40M$-9.83M$-24.52M$-13.97M$-19.74M$-9.04M$-22.29M$-8.37M$-15.61M$-16.26M$-11.80M$-7.03M$-18.11M$-21.00M$21.56M$-12.52M$-15.43M$-23.35M$-20.12M$3.39M$-25.18M
High Forecast$-17.51M$-17.00M$-16.02M$-14.88M$-16.41M$-14.87M$-11.50M$-21.58M$-11.73M$-9.36M$-8.84M$-19.61M$-12.57M$-15.80M$-9.04M$-17.83M$-7.88M$-12.49M$-13.01M$-11.10M$-6.61M$-14.49M$-16.80M$25.87M$-10.02M$-12.34M$-18.68M$-16.09M$4.07M$-20.14M
Low Forecast$-21.35M$-20.72M$-19.53M$-18.14M$-20.01M$-17.12M$-14.02M$-32.36M$-14.30M$-11.41M$-10.78M$-29.42M$-15.32M$-23.69M$-9.04M$-26.75M$-8.77M$-18.73M$-19.51M$-12.36M$-7.36M$-21.73M$-25.19M$17.24M$-15.02M$-18.52M$-28.02M$-24.14M$2.71M$-30.22M
Surprise %---------0.43%0.54%0.49%-0.27%0.91%-1.17%2.51%1.25%0.79%-3.56%2.65%0.75%0.81%1.00%1.33%0.73%0.88%0.87%1.00%0.94%

1 analysts predict RIGL's average Quarter EBITDA for Mar 23 to be $-24.52M, with a high of $-19.61M and a low of $-29.42M. This is -740.47% lower than Rigel Pharmaceuticals's previous annual EBITDA (Dec 22) of $3.83M.

Rigel Pharmaceuticals Net Income Forecast

Dec 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 19Jun 19Mar 19Dec 18Sep 18
# Analysts33334541311111-1222333332345716
Net Income---------$-5.69M$-6.60M$-14.35M$723.00K$-19.67M-$-28.63M$-22.64M$-20.95M$-13.82M$39.50M$-19.24M$-14.17M$-17.58M$21.24M$-17.20M$-11.49M$-20.61M$-17.60M$3.23M$-23.77M
Avg Forecast$1.40M$2.11M$2.46M$1.32M$3.28M$1.03M$-5.13M$-28.46M$-3.58M$-12.46M$-13.69M$-25.88M$-16.62M$-21.20M$-214.94M$-23.52M$-22.13M$-16.76M$-17.59M$711.00M$-19.53M$-18.90M$-21.63M$21.24M$-12.90M$-15.67M$-23.55M$-20.31M$3.23M$-25.35M
High Forecast$1.58M$2.37M$2.77M$1.48M$3.69M$25.65M$-4.46M$-22.77M$-1.19M$-10.84M$-11.91M$-20.70M$-14.45M$-16.96M$-214.94M$-18.82M$-20.44M$-13.41M$-14.07M$853.20M$-18.04M$-15.12M$-17.31M$25.49M$-10.32M$-12.53M$-18.84M$-16.24M$3.87M$-20.28M
Low Forecast$1.22M$1.83M$2.14M$1.14M$2.85M$-21.55M$-5.77M$-34.16M$-5.96M$-14.03M$-15.42M$-31.05M$-18.71M$-25.44M$-214.94M$-28.23M$-23.50M$-20.11M$-21.11M$568.80M$-20.75M$-22.68M$-25.96M$16.99M$-15.48M$-18.80M$-28.26M$-24.37M$2.58M$-30.42M
Surprise %---------0.46%0.48%0.55%-0.04%0.93%-1.22%1.02%1.25%0.79%0.06%0.98%0.75%0.81%1.00%1.33%0.73%0.88%0.87%1.00%0.94%

Rigel Pharmaceuticals's average Quarter net income forecast for Mar 23 is $-25.88M, with a range of $-31.05M to $-20.70M. RIGL's average Quarter net income forecast represents a -3679.08% decrease compared to the company's last Quarter net income of $723.00K (Dec 22).

Rigel Pharmaceuticals SG&A Forecast

Dec 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 19Jun 19Mar 19Dec 18Sep 18
# Analysts33334541311111-1222333332345716
SG&A---------$24.86M$26.31M$27.73M$32.17M$25.90M-$27.40M$24.52M$22.88M$22.38M$22.12M$21.82M$17.43M$18.92M$18.43M$18.31M$18.12M$18.21M$19.95M$21.37M$18.07M
Avg Forecast$44.98M$43.66M$41.14M$38.22M$42.16M$37.06M$29.53M$28.42M$30.14M$24.04M$22.72M$21.27M$32.28M$19.98M$20.91M$15.53M$19.35M$18.30M$18.00M$27.27M$16.24M$15.23M$12.15M$18.43M$13.73M$10.57M$8.20M$10.36M$21.37M$4.61M
High Forecast$49.35M$47.90M$45.13M$41.93M$46.25M$39.57M$32.40M$34.10M$33.06M$26.37M$24.92M$23.34M$35.41M$21.92M$20.91M$16.28M$20.28M$21.96M$18.86M$28.57M$17.01M$15.96M$12.73M$22.12M$16.48M$11.07M$8.59M$10.85M$25.64M$5.53M
Low Forecast$40.48M$39.29M$37.02M$34.39M$37.93M$34.37M$26.58M$22.73M$27.12M$21.63M$20.44M$19.14M$29.05M$17.98M$20.91M$14.62M$18.22M$14.64M$16.95M$25.67M$15.29M$14.34M$11.44M$14.74M$10.99M$9.95M$7.72M$9.75M$17.10M$3.69M
Surprise %---------1.03%1.16%1.30%1.00%1.30%-1.76%1.27%1.25%1.24%0.81%1.34%1.14%1.56%1.00%1.33%1.71%2.22%1.93%1.00%3.92%

Rigel Pharmaceuticals's average Quarter SG&A projection for Dec 23 is $30.14M, based on 3 Wall Street analysts, with a range of $27.12M to $33.06M. The forecast indicates a 21.25% rise compared to RIGL last annual SG&A of $24.86M (Sep 23).

Rigel Pharmaceuticals EPS Forecast

Dec 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 19Jun 19Mar 19Dec 18Sep 18
# Analysts33334541311111-1222333332345716
EPS---------$-0.03$-0.04$-0.08-$-0.11-$-0.17$-0.13$-0.12$-0.08$0.23$-0.11$-0.08$-0.10$0.13$-0.10$-0.07$-0.12$-0.11$0.02$-0.14
Avg Forecast$0.08$0.12$0.14$0.07$0.19$0.06$-0.29$-0.29$-0.20$-0.71$-0.78$-0.96$-0.95$-1.32$-1.23$-0.14$-0.13$-0.10$-0.11-$-0.11$-0.12$-0.13$0.13$-0.08$-0.11$-0.14$-0.13$0.03$-0.16
High Forecast$0.09$0.14$0.16$0.08$0.21$1.46$-0.25$-0.25$-0.07$-0.62$-0.68$-0.83$-0.82$-1.15$-1.23$-0.13$-0.12$-0.09$-0.10$0.01$-0.10$-0.11$-0.12$0.14$-0.07$-0.10$-0.13$-0.12$0.04$-0.13
Low Forecast$0.07$0.10$0.12$0.07$0.16$-1.23$-0.33$-0.32$-0.34$-0.80$-0.88$-1.08$-1.07$-1.49$-1.23$-0.15$-0.13$-0.11$-0.12-$-0.12$-0.13$-0.14$0.12$-0.09$-0.12$-0.15$-0.14$0.02$-0.19
Surprise %---------0.05%0.05%0.09%-0.00%0.08%-1.24%1.03%1.20%0.73%47.09%0.98%0.66%0.75%0.99%1.23%0.64%0.87%0.86%0.67%0.88%

According to 1 Wall Street analysts, Rigel Pharmaceuticals's projected average Quarter EPS for Mar 23 is $-0.96, with a low estimate of $-1.08 and a high estimate of $-0.83. This represents a -22905.71% decrease compared to RIGL previous annual EPS of - (Dec 22).

Rigel Pharmaceuticals Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EFTReFFECTOR Therapeutics$0.04$5.5013650.00%Buy
ELEVElevation Oncology$0.63$9.001328.57%Buy
RVPHReviva Pharmaceuticals$1.35$10.00640.74%Buy
XFORX4 Pharmaceuticals$0.65$3.67464.62%Buy
IMMXImmix Biopharma$1.97$7.00255.33%Buy
ABOSAcumen Pharmaceuticals$2.22$7.00215.32%Buy
INZYInozyme Pharma$4.98$14.00181.12%Buy
DAWNDay One Biopharmaceuticals$14.20$38.80173.24%Buy
CDTXCidara Therapeutics$11.44$24.00109.79%Buy
LPTXLeap Therapeutics$2.81$5.5095.73%Buy
TERNTerns Pharmaceuticals$7.81$12.5060.05%Buy
MREOMereo BioPharma Group$4.32$6.7556.25%Buy
ZURAZura Bio$3.62$5.0038.12%Buy
VECTVectivBio$16.87$18.006.70%Buy
NBRVNabriva Therapeutics$1.42$1.00-29.58%-
RIGLRigel Pharmaceuticals$13.32$1.50-88.74%Buy

RIGL Forecast FAQ


Yes, according to 5 Wall Street analysts, Rigel Pharmaceuticals (RIGL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 80.00% of RIGL's total ratings.

Rigel Pharmaceuticals (RIGL) average price target is $1.5 with a range of $1 to $2, implying a -88.74% from its last price of $13.32. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for RIGL stock, the company can go down by -88.74% (from the last price of $13.32 to the average price target of $1.5), down by -84.98% based on the highest stock price target, and down by -92.49% based on the lowest stock price target.

RIGL's average twelve months analyst stock price target of $1.5 does not support the claim that Rigel Pharmaceuticals can reach $20 in the near future.

Rigel Pharmaceuticals's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $154.53M (high $168.29M, low $140.2M), average EBITDA is $-74.02M (high $-64.353M, low $-83.508M), average net income is $-29.288M (high $2.11M, low $-58.631M), average SG&A $137.17M (high $152.32M, low $121.61M), and average EPS is $-0.335 (high $1.17, low $-1.719). RIGL's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $190.1M (high $208.55M, low $171.06M), average EBITDA is $-72.687M (high $-65.406M, low $-79.742M), average net income is $7.28M (high $8.2M, low $6.33M), average SG&A $168.01M (high $184.31M, low $151.18M), and average EPS is $0.415 (high $0.467, low $0.361).

Based on Rigel Pharmaceuticals's last annual report (Dec 2023), the company's revenue was $116.88M, beating the average analysts forecast of $111.08M by 5.22%. Apple's EBITDA was $-20.491M, missing the average prediction of $-57.785M by -64.54%. The company's net income was $-25.091M, missing the average estimation of $-55.603M by -54.88%. Apple's SG&A was $105.74M, beating the average forecast of $98.17M by 7.71%. Lastly, the company's EPS was $-0.14, missing the average prediction of $-2.652 by -94.72%. In terms of the last quarterly report (Sep 2023), Rigel Pharmaceuticals's revenue was $28.13M, beating the average analysts' forecast of $27.2M by 3.44%. The company's EBITDA was $-4.465M, missing the average prediction of $-10.4M by -57.07%. Rigel Pharmaceuticals's net income was $-5.692M, missing the average estimation of $-12.458M by -54.31%. The company's SG&A was $24.86M, beating the average forecast of $24.04M by 3.40%. Lastly, the company's EPS was $-0.0326, missing the average prediction of $-0.71 by -95.41%