Adagene Inc. (ADAG)
NASDAQ: ADAG · IEX Real-Time Price · USD
1.93
+0.15 (8.51%)
At close: Dec 29, 2023, 4:00 PM
1.87
-0.06 (-3.18%)
After-hours: Dec 29, 2023, 4:17 PM EST
Adagene Stock Forecast
Stock Price Forecast
According to 2 stock analysts, the average 12-month stock price forecast for Adagene stock is $5.00, which predicts an increase of 158.88%. On average, analysts rate Adagene stock as a strong buy.
Analyst Consensus: Strong Buy
* Price targets were last updated on Oct 4, 2023.
Analyst Ratings
The average analyst rating for Adagene stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jul '23 | Aug '23 | Sep '23 | Oct '23 | Nov '23 | Dec '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +158.88% | Oct 4, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +158.88% | Sep 1, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +158.88% | Apr 21, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +158.88% | Mar 29, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +158.88% | Mar 21, 2023 |
Financial Forecast
Revenue This Year
17.64M
from 9.29M
Increased by 89.85%
Revenue Next Year
5.05M
from 17.64M
Decreased by -71.38%
EPS This Year
-0.66
from -1.85
EPS Next Year
-2.38
from -0.66
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 18.2M | 10.4M | 11.4M | n/a | 46.5M | 133.2M |
| Avg | 17.6M | 5.0M | 11.1M | n/a | 45.2M | 129.4M |
| Low | 17.0M | n/a | 10.7M | n/a | 43.4M | 124.3M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 95.4% | -41.1% | 126.7% | - | - | 194.8% |
| Avg | 89.8% | -71.4% | 120.2% | - | - | 186.4% |
| Low | 82.4% | - | 111.6% | - | - | 175.2% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | -0.68 | -1.28 | -1.21 |
| Avg | -0.66 | -2.38 | -2.99 |
| Low | -0.64 | -3.38 | -4.63 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.