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SKYE
Volume: 947.98K
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SKYE Stock Forecast & Price Target

SKYE Analyst Ratings

Based on 1 analyst ratings
Buy
Strong Buy 0%
Buy 100%
Hold 0%
Sell 0%
Strong Sell 0%

Bulls say

Skye Bioscience Inc. is currently trading at a valuation significantly below its potential peak revenues, specifically at less than 0.1 times potential peak revenues, indicating a considerable opportunity for investment upside. Positive data expected this quarter for monlunabant, a drug with a similar mechanism, could serve as a catalyst to increase investor interest and boost share prices. Additionally, encouraging results from Phase 1b trials related to metabolic biomarkers and the anticipated efficacy of targeting peripheral CB1 receptors suggest a promising outlook for Skye's clinical candidates, particularly nimacimab for obesity treatment.

Bears say

Skye Bioscience Inc faces significant challenges that negatively impact its stock outlook, primarily due to the dependence on reimbursement for revenue generation; without it, the company risks failing to achieve commercial viability. Additionally, the Phase 1b study results for nimacimab indicate that diabetes patients actually gained weight, revealing limitations in the drug's efficacy, which may hinder its commercial appeal. Lastly, the ongoing clinical development of nimacimab and SBI-100 OE introduces an investment risk, as potential trial failures could severely affect the company's future profitability and stock performance.

SKYE has been analyzed by 1 analysts, with a consensus rating of Buy. 0% of analysts recommend a Strong Buy, 100% recommend Buy, 0% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Skye Bioscience, Inc. and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Skye Bioscience, Inc. (SKYE) Forecast

Analysts have given SKYE a Buy based on their latest research and market trends.

According to 1 analysts, SKYE has a Buy consensus rating as of Jul 5, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $15, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $15, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Skye Bioscience, Inc. (SKYE)

Volume: 947.98K

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