ME price predictions for today

23andMe Holding Co. (ME) Stock Price Predictions for Today:

1. Analyst Price Targets: The average one-year price target for 23andMe Holding Co. is $40.80, with a range from $40.40 to $42.00. This suggests that analysts see potential for the stock to increase in value but with a conservative outlook.

2. Stock Performance and Financials: 23andMe's stock has experienced significant challenges, including a substantial quarterly loss and a 40% workforce reduction. Despite these setbacks, the company's revenue fell by 12% to $44 million in the most recent quarter, down from $50 million the previous year.
3. Market Sentiment and Outlook: The stock's performance is influenced by ongoing restructuring efforts and the potential for cost savings. Analysts have given the stock a "Hold" rating, indicating a neutral stance on the stock's future performance.
4. Price Target Consensus: The consensus among analysts is cautious, with a 12-month stock price forecast of $8.40, representing a significant upside but a lower target than the average one-year price target.

In conclusion, while there is potential for the stock to increase based on analyst targets, the current financial performance and restructuring efforts suggest a more cautious approach. Investors should consider the risks associated with the company's recent challenges before making investment decisions.