The price of CERS is predicted to go up 6.61%, based on the high correlation periods with NAT. The similarity of these two price pattern on the periods is 96.95%.
CERS
NAT
Up: 6.61%Similarity: 96.95%
CERS Revenue Forecast
CERS EPS Forecast
CERS FAQs
What is CERS revenue forecast for next quarter?
The market consensus for CERS's revenue in the upcoming quarter is projected to be approximately $53.504M USD.
What is CERS eps forecast for next quarter?
The market consensus for CERS's eps in the upcoming quarter is projected to be approximately $0.03 USD.
Stifel analyst Mathew Blackman lowered the firm's price target on Cerus to $3 from $6 and keeps a Buy rating on the shares after the company announced that the EU INTERCEPT Red Blood Cells review had concluded without an approval, citing the need for additional data. While stating that "there's no denying this is a disappointing update," and that the firm would expect the shares to trade-off on this news, the analyst tells investors that at the current valuation, the firm believes the roughly $1.00 per share in value it ascribed for the EU RBC program is "already discounted in the price." While removing $1.00 per share value for the US RBC program, reflecting an increased risk profile, the firm is also contemplating a lower base business multiple, leading to its revised target.