Mind Medicine (MindMed) Inc. (MNMD) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 1 analysts3.3% Above Target
MNMD trades 3.3% above Wall Street's consensus target of $20.00.
Current Price$20.69
Average Target$20.00
Target
Current
Low$14.00
Median$20.00
High$28.00
Analyst Target Range
Forward P/E—
PEG Ratio—
Implied Growth+11.0%
(Moderate)
Analyst Spread70.0%
(Wide Disagreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes MNMD achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 1 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
MNMD Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Mind Medicine (MindMed) Inc. (MNMD) has a Wall Street consensus price target of $20.00, based on estimates from 1 covering analysts. With the stock currently trading at $20.69, this represents a potential downside of -3.3%. The company has a market capitalization of $2.04B.
Analyst price targets range from a low of $14.00 to a high of $28.00, representing a 70% spread in expectations. The median target of $20.00 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 1 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, MNMD trades at a trailing P/E of -10.0x. Analysts expect EPS to grow +11.0% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Healthcare stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+44.8%
Industry Consensus
Avg Forward P/E
14.1x
(Value)
Peers with Coverage
6 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
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 ATAIAtai Beckley N.V | $1.9B | $5.19 | $12.00 | +131.2% | Buy | — | 4 |
 CYBNCybin Inc. | $304M | $6.09 | — | — | Buy | — | 4 |
 MGRXMangoceuticals, Inc. | $4M | $0.37 | — | — | — | — | — |
 SILOSilo Pharma, Inc. | $5M | $5.66 | — | — | — | — | — |
 LWAYLifeway Foods, Inc. | $448M | $29.32 | $35.00 | +19.4% | Buy | 26.4x | 7 |
 ENVBEnveric Biosciences, Inc. | $865667 | $1.45 | — | — | — | — | — |
 JAZZJazz Pharmaceuticals plc | $15.5B | $247.72 | $257.44 | +3.9% | Buy | 9.8x | 48 |
 INVAInnoviva, Inc. | $1.6B | $22.25 | $37.00 | +66.3% | Buy | 6.2x | 10 |
 AXSMAxsome Therapeutics, Inc. | $12.9B | $249.76 | $262.38 | +5.1% | Buy | — | 26 |
MNMD — Frequently Asked Questions
Quick answers to the most common questions about buying MNMD stock.
What is the MNMD stock price target for 2026?
Wall Street's consensus price target for MNMD is $20, -3.3% from its current price of $20.69. The below-market target from 1 analysts suggests limited near-term appreciation.
Is MNMD a buy, sell, or hold?
MNMD has a consensus rating of "Buy" based on 1 Wall Street analysts. The rating breakdown is predominantly bullish, with 1 Buy/Strong Buy ratings. The consensus 12-month price target of $20 implies -3.3% downside from current levels.
Is MNMD stock overvalued or undervalued?
MNMD's current price is $20.69 with a consensus target of $20 (-3.3% implied move). Analyst estimates suggest the stock is fairly valued at current levels.
How high can MNMD stock go?
The most bullish Wall Street analyst has a price target of $28 for MNMD, while the most conservative target is $14. The consensus of $20 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover MNMD stock?
MNMD is lightly followed, with 1 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MNMD stock forecast?
The 12-month MNMD stock forecast based on 1 Wall Street analysts shows a consensus price target of $20, with estimates ranging from $14 (bear case) to $28 (bull case). The median consensus rating is "Buy".
Should I buy MNMD stock?
Analysts are cautious on MNMD, with 0 Sell ratings and a price target of $20 (-3.3% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do MNMD price targets vary so much?
MNMD analyst price targets range from $14 to $28, a 70% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $20 consensus represents the middle ground.
Consensus-Based Analysis Tools
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