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Relay Therapeutics, Inc. (RLAY) Price Target Analysis

Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026

Current Price
$10.26
Market reference
Price Target
$13.50
+31.6% Upside
Target Range
$13.00 — $14.00
High conviction
Analyst Rating
Buy
14 analysts
Forward P/E—
Trailing P/E-6.4x
Forward PEG—
Implied Growth+2.9%
Median Target$13.50
Analyst Spread7.4%

Analysts see +31.6% upside to their consensus target of $13.50. The bullish rating consensus aligns with positive price target gap.

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$10.26
Consensus$13.50
High$14.00
Low$13.00
Bear Case
$13
+26.7%
Consensus
$14
+31.6%
Bull Case
$14
+36.5%

Analyst Ratings Distribution

Breakdown of 14 published analyst recommendations for RLAY

14/14 analysts are bullish
+54
BearishBullish
Weighted analyst sentiment score based on 14 ratings
ConsensusBuy
Coverage14 Analysts
Net Score+54
Bull / Bear100% / 0%
Strong Buy17%
Buy1393%
Hold00%
Sell00%
Strong Sell00%
Strong Buy
17%
Buy
1393%
Hold
00%
Sell
00%
Strong Sell
00%
Recommendation Mix100% Buy · 0% Hold · 0% Sell
Buy (14)Hold (0)Sell (0)

RLAY Price Target Analysis

Updated March 2, 2026

As of March 2, 2026, Relay Therapeutics, Inc. (RLAY) has a Wall Street consensus price target of $13.50, based on estimates from 14 covering analysts. With the stock currently trading at $10.26, this represents a potential upside of +31.6%. The company has a market capitalization of $1.78B.

Analyst price targets range from a low of $13.00 to a high of $14.00, representing a 7% spread in expectations. The median target of $13.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.

The current analyst consensus rating is Buy, with 14 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, RLAY trades at a trailing P/E of -6.4x. Analysts expect EPS to grow +2.9% 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 Analysis
Avg Peer Upside+11.7%
Avg Forward P/E16.6x
Peers with Coverage10 / 10
CompanyMarket CapPriceTargetUpsideRatingFwd P/EAnalysts
RVMDRevolution Medicines, Inc.$20.1B$102.02$122.25+19.8%Buy—20
INCYIncyte Corporation$20.1B$101.27$108.90+7.5%Buy13.4x44
GMABGenmab A/S$18.1B$29.44$40.50+37.6%Buy23.2x17
EXELExelixis, Inc.$11.8B$44.06$44.40+0.8%Buy13.3x32
IBRXImmunityBio, Inc.$9.6B$9.78$11.00+12.5%Buy—5
MRUSMerus N.V.$6.8B$90.00$97.00+7.8%Hold—22
CELCCelcuity Inc.$4.8B$111.71$99.33-11.1%Buy—9
CGONCG Oncology, Inc. Common stock$4.6B$58.80$79.00+34.4%Buy—9
ERASErasca, Inc.$3.9B$13.66$9.60-29.7%Buy—9
IDYAIDEAYA Biosciences, Inc.$2.8B$32.20$44.25+37.4%Buy—24

Upside Potential Comparison

GMAB
+37.6%
IDYA
+37.4%
CGON
+34.4%
RVMD
+19.8%
IBRX
+12.5%
MRUS
+7.8%
INCY
+7.5%
EXEL
+0.8%

See RLAY's True Return

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Is RLAY Undervalued?

See our Bear / Base / Bull DCF models and intrinsic value estimates.

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Compare RLAY vs AGIO

See how RLAY stacks up against sector leader Agios Pharmaceuticals, Inc..

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Frequently Asked Questions

What is the RLAY stock price target for 2026?

The consensus Wall Street price target for RLAY is $13.5, representing 31.6% upside from the current price of $10.26. With 14 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.

Is RLAY a buy, sell, or hold?

RLAY has a consensus rating of "Buy" based on 14 Wall Street analysts. The rating breakdown is predominantly bullish, with 14 Buy/Strong Buy ratings. The consensus 12-month price target of $13.5 implies 31.6% upside from current levels.

Is RLAY stock overvalued or undervalued?

RLAY's current price is $10.26 with a consensus target of $13.5 (31.6% implied move). Analyst estimates suggest the stock is undervalued at current levels.

How high can RLAY stock go?

The most bullish Wall Street analyst has a price target of $14 for RLAY, while the most conservative target is $13. The consensus of $13.5 represents the median expectation. These targets typically reflect 12-month expectations.

How many analysts cover RLAY stock?

RLAY is moderately covered, with 14 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 13 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 RLAY stock forecast?

The 12-month RLAY stock forecast based on 14 Wall Street analysts shows a consensus price target of $13.5, with estimates ranging from $13 (bear case) to $14 (bull case). The median consensus rating is "Buy".

Should I buy RLAY stock?

Wall Street analysts are very optimistic on RLAY, with a "Buy" consensus rating and $13.5 price target (31.6% upside). 14 of 14 analysts rate it Buy or Strong Buy. 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 RLAY price targets vary so much?

RLAY analyst price targets range from $13 to $14, a 7% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $13.5 consensus represents the middle ground.

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