why Gilead Sciences, Inc [GILD] is a Good Choice for Investors After New Price Target of $101.08

Gilead Sciences, Inc [NASDAQ: GILD] gained 1.21% or 1.18 points to close at $98.38 with a heavy trading volume of 10507543 shares.

The daily chart for GILD points out that the company has recorded 28.62% gains over the past six months.

If we look at the average trading volume of 7.04M shares, GILD reached to a volume of 10507543 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Gilead Sciences, Inc [GILD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GILD shares is $101.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GILD stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Gilead Sciences, Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 10, 2025. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on December 10, 2024, representing the official price target for Gilead Sciences, Inc stock. Previously, the target price had yet another raise to $110, while Wolfe Research analysts kept a Outperform rating on GILD stock.

The Average True Range (ATR) for Gilead Sciences, Inc is set at 1.92, with the Price to Sales ratio for GILD stock in the period of the last 12 months amounting to 4.34. The Price to Book ratio for the last quarter was 6.63, with the Price to Cash per share for the same quarter was set at 5.37. Price to Free Cash Flow for GILD in the course of the last twelve months was 13.00 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for GILD stock

Gilead Sciences, Inc [GILD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.18. With this latest performance, GILD shares gained by 6.51% in over the last four-week period, additionally plugging by 28.62% over the last 6 months – not to mention a rise of 25.71% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GILD stock in for the last two-week period is set at 70.63, with the RSI for the last a single of trading hit 76.98, and the three-weeks RSI is set at 66.29 for Gilead Sciences, Inc [GILD]. The present Moving Average for the last 50 days of trading for this stock 92.32, while it was recorded at 96.39 for the last single week of trading, and 79.83 for the last 200 days.

Gilead Sciences, Inc [GILD]: A deeper dive into fundamental analysis

Gilead Sciences, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.26.

Gilead Sciences, Inc [GILD]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GILD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gilead Sciences, Inc go to 5.75%.

An analysis of Institutional ownership at Gilead Sciences, Inc [GILD]

There are presently around $88.48%, or 88.58%% of GILD stock, in the hands of institutional investors. The top three institutional holders of GILD stocks are: BLACKROCK INC. with ownership of 120.63 million shares, which is approximately 9.6738%. VANGUARD GROUP INC, holding 115.26 million shares of the stock with an approximate value of $$7.91 billion in GILD stocks shares; and VANGUARD GROUP INC, currently with $$5.23 billion in GILD stock with ownership which is approximately 6.1147%.