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Monte Rosa Therapeutics, Inc. (NASDAQ: GLUE) Gains Analyst Confidence with New Price Target
Financial Modeling Prep· 2026-01-14 18:08
Core Viewpoint - Monte Rosa Therapeutics, Inc. is gaining attention due to a significant price target adjustment by Piper Sandler, indicating a potential upside for investors [1] Group 1: Price Target and Analyst Ratings - Piper Sandler has raised the price target for Monte Rosa from $27.50 to $37, suggesting a potential increase of 54.23% from the current price of $23.99 [1] - The stock has a "Moderate Buy" consensus from eight brokerages, with six analysts recommending buying, one suggesting a strong buy, and one advising selling [2] - Wells Fargo has increased its price target from $22.00 to $30.00, giving an "overweight" rating [2] Group 2: Stock Performance and Market Dynamics - The stock price has shown volatility, recently increasing by 1.14% or $0.27, reaching a high of $24.12 and a low of $23.25 in a single day [3] - Over the past year, the stock has fluctuated between $3.50 and $25.77, with a current market capitalization of approximately $1.56 billion [3] - Recent analyst activity includes Weiss Ratings reiterating a "sell" rating, while Cowen and Jefferies Financial Group maintained "buy" ratings, reflecting differing views on the company's future performance [4]