Analysts’ expectations for Allogene Therapeutics Inc (ALLO) stock: $29 price target in 12 months

At the time of writing, Allogene Therapeutics Inc [ALLO] stock is trading at $2.17, down -3.77%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALLO shares have gain 53.90% over the last week, with a monthly amount glided 13.02%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Previously, Piper Sandler started tracking the stock with Overweight rating on May 31, 2024, and set its price target to $11. On January 05, 2024, downgrade downgraded it’s rating to Mkt Perform. Guggenheim downgraded its rating to a Neutral. Citigroup initiated its recommendation with a Buy and recommended $7 as its price target on December 08, 2023.

For the past year, the stock price of Allogene Therapeutics Inc fluctuated between $1.32 and $5.78. Currently, Wall Street analysts expect the stock to reach $29 within the next 12 months. Allogene Therapeutics Inc [NASDAQ: ALLO] shares were valued at $2.17 at the most recent close of the market. An investor can expect a potential return of 1236.41% based on the average ALLO price forecast.

Analyzing the ALLO fundamentals

According to Allogene Therapeutics Inc [NASDAQ:ALLO], the company’s sales were 0.04M for trailing twelve months, which represents an -100.00% plunge. Gross Profit Margin for this corporation currently stands at -1437.6% with Operating Profit Margin at -6501.95%, Pretax Profit Margin comes in at -6591.37%, and Net Profit Margin reading is -6591.37%. To continue investigating profitability, this company’s Return on Assets is posted at -0.48, Equity is -0.58 and Total Capital is -0.5. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.08 points at the first support level, and at 1.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.33, and for the 2nd resistance point, it is at 2.48.

Ratios To Look Out For

It is important to note that Allogene Therapeutics Inc [NASDAQ:ALLO] has a current ratio of 9.35. In addition, the Quick Ratio stands at 9.35 and the Cash Ratio stands at 1.57. Considering the valuation of this stock, the price to sales ratio is 11374.75, the price to book ratio is 0.98.

Transactions by insiders

Recent insider trading involved MESSEMER DEBORAH M., Director, that happened on Feb 18 ’25 when 13313.0 shares were sold. Director, MESSEMER DEBORAH M. completed a deal on Feb 18 ’25 to buy 13313.0 shares. Meanwhile, SVP, General Counsel Douglas Earl Martin sold 6404.0 shares on Feb 03 ’25.

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