Tango Therapeutics Stock Target Price and Analyst Consensus

TNGX Stock  USD 3.10  0.16  5.44%   
The current analyst and expert consensus on Tango Therapeutics is Strong Buy, with 6 strong buy opinions. The current projected Tango Therapeutics target price consensus is 17.60 with 9 analyst opinions. Check out Macroaxis Advice on Tango Therapeutics to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Tango Stock please use our How to Invest in Tango Therapeutics guide.
The most common way Tango Therapeutics analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Tango Therapeutics executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Tango Therapeutics. We strongly encourage you to use your own analysis of Tango Therapeutics to validate this buy or sell advice. Tango Therapeutics buy-or-sell recommendation module provides average expert sentiment on the projected Tango Therapeutics target price to derive its highest and lowest estimates based on projected price volatility of 6.8389.
Lowest Forecast
16.02
Highest Forecast
19.54
Target Price
17.6
Gross Profit is likely to rise to about (74.7 M) in 2024. Pretax Profit Margin is likely to drop to -2.92 in 2024. At this time, Tango Therapeutics' Total Current Liabilities is fairly stable compared to the past year. Net Tangible Assets is likely to rise to about 301.2 M in 2024, whereas Total Assets are likely to drop slightly above 352.5 M in 2024.
  
It's important to approach Tango Therapeutics' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Tango Therapeutics price targets

Tango Therapeutics' stock target price is an estimate of its future price, usually made by analysts. Using Tango Therapeutics' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Tango Therapeutics' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Tango Therapeutics' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Tango Therapeutics Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Tango Therapeutics is a key component of Tango Therapeutics valuation and have some predictive power on the future returns of a Tango Therapeutics.
Hype
Prediction
LowEstimatedHigh
0.173.4110.25
Details
Intrinsic
Valuation
LowRealHigh
0.336.6913.53
Details
Naive
Forecast
LowNextHigh
0.042.179.01
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.32-0.3-0.28
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tango Therapeutics. Your research has to be compared to or analyzed against Tango Therapeutics' peers to derive any actionable benefits. When done correctly, Tango Therapeutics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tango Therapeutics.

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Additional Tools for Tango Stock Analysis

When running Tango Therapeutics' price analysis, check to measure Tango Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tango Therapeutics is operating at the current time. Most of Tango Therapeutics' value examination focuses on studying past and present price action to predict the probability of Tango Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tango Therapeutics' price. Additionally, you may evaluate how the addition of Tango Therapeutics to your portfolios can decrease your overall portfolio volatility.