There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Flexion Therapeutics stock.
What is a VGM score?
Zacks Rank + Style Scores = Bigger Returns We also produce the VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual Style Scores into one score. This is perfectly suited for those who want their stocks to have the best scores across the board.
Are 1 year target estimates accurate?
Are Price Targets Accurate? Despite the best efforts of analysts, a price target is a guess with the variance in analyst projections linked to their estimates of future performance. Studies have found that, historically, the overall accuracy rate is around 30% for price targets with 12-18 month horizons.
How reliable is a stock forecast?
As others have said, analyst's forecasts are not very accurate. There are two reasons for this. First, stock prices are volatile. Even if you assume that the price will rise as it has been doing, on average, chances are high that in any given year the forecast can be off substantially.
How often are stock forecasts right?
A quarterly forecast for the next 12 months is useful for tracking the accuracy of the analysis and evaluating whether or not the company is performing as anticipated.