Mersana Therapeutics, Inc. (MRSN) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 19 analysts65.6% Above Target
MRSN trades 65.6% above Wall Street's consensus target of $10.00.
Current Price$29.08
Average Target$10.00
Target
Current
Low$3.00
Median$10.00
High$17.00
Analyst Target Range
Forward P/E—
PEG Ratio—
Implied Growth+31.7%
(High Growth)
Analyst Spread140.0%
(Wide Disagreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes MRSN achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 19 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
MRSN Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Mersana Therapeutics, Inc. (MRSN) has a Wall Street consensus price target of $10.00, based on estimates from 19 covering analysts. With the stock currently trading at $29.08, this represents a potential downside of -65.6%. The company has a market capitalization of $145M.
Analyst price targets range from a low of $3.00 to a high of $17.00, representing a 140% spread in expectations. The median target of $10.00 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 11 analysts rating the stock as a Buy or Strong Buy,8 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, MRSN trades at a trailing P/E of -2.1x. Analysts expect EPS to grow +31.7% 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
+800.9%
Industry Consensus
Avg Forward P/E
19.9x
(Fair)
Peers with Coverage
8 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 RCUSArcus Biosciences, Inc. | $3.0B | $30.25 | $31.00 | +2.5% | Buy | — | 18 |
 SNDXSyndax Pharmaceuticals, Inc. | $2.0B | $23.24 | $38.50 | +65.7% | Buy | — | 22 |
 AGENAgenus Inc. | $146M | $3.50 | $7.33 | +109.4% | Buy | 4.5x | 11 |
 TGTXTG Therapeutics, Inc. | $8.2B | $53.52 | $64.00 | +19.6% | Buy | 39.4x | 13 |
 NKTRNektar Therapeutics | $1.5B | $74.90 | $149.60 | +99.7% | Buy | — | 33 |
 ARVNArvinas, Inc. | $554M | $8.59 | $14.75 | +71.7% | Buy | — | 26 |
 BCABBioAtla, Inc. | $5M | $4.08 | $250.00 | +6027.5% | Buy | — | 9 |
 BYSIBeyondSpring Inc. | $68M | $1.66 | — | — | — | — | — |
 PBYIPuma Biotechnology, Inc. | $405M | $7.96 | — | — | Buy | 27.4x | 19 |
 PFEPfizer Inc. | $136.9B | $24.07 | $26.75 | +11.1% | Hold | 8.1x | 39 |
MRSN — Frequently Asked Questions
Quick answers to the most common questions about buying MRSN stock.
What is the MRSN stock price target for 2026?
MRSN's consensus price target is $10, -65.6% below the current price of $29.08. The 19 analysts tracking MRSN see downside risk at present valuations.
Is MRSN a buy, sell, or hold?
MRSN has a consensus rating of "Buy" based on 19 Wall Street analysts. The rating breakdown is predominantly bullish, with 11 Buy/Strong Buy ratings. The consensus 12-month price target of $10 implies -65.6% downside from current levels.
Is MRSN stock overvalued or undervalued?
MRSN's current price is $29.08 with a consensus target of $10 (-65.6% implied move). Analyst estimates suggest the stock is overvalued at current levels.
How high can MRSN stock go?
The most bullish Wall Street analyst has a price target of $17 for MRSN, while the most conservative target is $3. The consensus of $10 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover MRSN stock?
MRSN is well covered by analysts, with 19 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 11 have Buy ratings, 8 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 MRSN stock forecast?
The 12-month MRSN stock forecast based on 19 Wall Street analysts shows a consensus price target of $10, with estimates ranging from $3 (bear case) to $17 (bull case). The median consensus rating is "Buy".
Should I buy MRSN stock?
Analysts are cautious on MRSN, with 0 Sell ratings and a price target of $10 (-65.6% 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 MRSN price targets vary so much?
MRSN analyst price targets range from $3 to $17, a 140% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $10 consensus represents the middle ground.
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare