▲ +11.25% Upside Potential
This price target is based on 14 analysts offering 12 month price targets for Arena Pharmaceuticals in the last 3 months. The average price target is $90.36, with a high forecast of $120.00 and a low forecast of $62.00. The average price target represents a 11.25% upside from the last price of $81.22.
The current consensus among 14 contributing investment analysts is to buy stock in Arena Pharmaceuticals. This Buy consensus rating has held steady for over two years.
Arena Pharmaceuticals, Inc., a biopharmaceutical company, focuses on providing novel medicines with pharmacology and pharmacokinetics to patients worldwide. Its investigational clinical programs include Etrasimod (APD334) that is in Phase III clinical trial for ulcerative colitis, a Phase IIb/III clinical trial for Crohn's disease, and a Phase IIb clinical trial for atopic dermatitis; Olorinab (APD371), which is in Phase IIb clinical trial for the treatment of abdominal pain associated with irritable bowel syndrome; and APD418 that is in Phase I clinical trial for acute heart failure. It also develops ralinepag (APD811), which is in Phase III clinical trial for pulmonary arterial hypertension. The company has collaboration agreements with United Therapeutics Corporation; Everest Medicines Limited; Beacon Discovery; Boehringer Ingelheim International GmbH; and Eisai Co., Ltd. and Eisai Inc. Arena Pharmaceuticals, Inc. was founded in 1997 and is based in San Diego, California.