Is Adagene Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NASDAQ: ADAG) stock is to Strong Buy ADAG stock.
Out of 3 analysts, 1 (33.33%) are recommending ADAG as a Strong Buy, 2 (66.67%) are recommending ADAG as a Buy, 0 (0%) are recommending ADAG as a Hold, 0 (0%) are recommending ADAG as a Sell, and 0 (0%) are recommending ADAG as a Strong Sell.
What is ADAG's forecast return on equity (ROE) for 2023-2026?
(NASDAQ: ADAG) forecast ROE is N/A, which is considered weak.
What is ADAG's Price Target?
According to 3 Wall Street analysts that have issued a 1 year ADAG price target, the average ADAG price target is $5.00, with the highest ADAG stock price forecast at $5.00 and the lowest ADAG stock price forecast at $5.00.
On average, Wall Street analysts predict that Adagene's share price could reach $5.00 by Apr 21, 2024. The average Adagene stock price prediction forecasts a potential upside of 275.94% from the current ADAG share price of $1.33.
What is ADAG's forecast return on assets (ROA) for 2023-2026?
(NASDAQ: ADAG) forecast ROA is N/A, which is lower than the forecast US Biotechnology industry average of 0.12%.
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