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Stock impact report

Growth Investors: Industry Analysts Just Upgraded Their Fate Therapeutics, Inc. (NASDAQ:FATE) Revenue Forecasts By 13% [Yahoo! Finance News]

Fate Therapeutics, Inc. (FATE) 
Last fate therapeutics, inc. earnings: 3/2 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.fatetherapeutics.com/investor-relations
Fate Therapeutics, Inc.NASDAQ:FATEFollowing the upgrade, the consensus from twelve analysts covering Fate Therapeutics is for revenues of US$8.3m in 2020, implying a disturbing 23% decline in sales compared to the last 12 months. Per-share losses are expected to creep up to US$1.54. Yet before this consensus update, the analysts had been forecasting revenues of US$7.3m and losses of US$1.66 per share in 2020. We can see there's definitely been a change in sentiment in this update, with the analysts administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.See our latest analysis for Fate TherapeuticsGM:FATE Past and Future Earnings April 4th 2020There was no major change to the consensus price target of US$38.50, perhaps suggesting that the analysts remain concerned about ongoing losses despite the improved earnings and revenue outlook. Fixating on a single price target can be unwise though, since the consensus target is ef Show less Read more
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