SpringWorks Therapeutics (SWTX) Downgraded Amid Acquisition Deal | SWTX Stock News

1 day ago

TD Cowen has revised its recommendation for SpringWorks Therapeutics (SWTX, Financial), moving the stock from a Buy to a Hold. This change follows the announcement of a definitive agreement for Merck KGaA to purchase SpringWorks at $47 per share, all in cash. Consequently, TD Cowen adjusted its price target for SpringWorks from $66 to match the acquisition price of $47 per share.

Wall Street Analysts Forecast

Based on the one-year price targets offered by 8 analysts, the average target price for SpringWorks Therapeutics Inc (SWTX, Financial) is $72.50 with a high estimate of $84.00 and a low estimate of $63.00. The average target implies an upside of 56.99% from the current price of $46.18. More detailed estimate data can be found on the SpringWorks Therapeutics Inc (SWTX) Forecast page.

Based on the consensus recommendation from 6 brokerage firms, SpringWorks Therapeutics Inc's (SWTX, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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