In a report released today, Taylor Feehley from Chardan Capital reiterated a Buy rating on Spring Bank Pharmaceuticals Inc (SBPH), with a price target of $45. The company’s shares closed yesterday at $11.15.
Currently, the analyst consensus on Spring Bank Pharmaceuticals Inc is a Strong Buy with an average price target of $30.67.
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Based on Spring Bank Pharmaceuticals Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $8.78 million. In comparison, last year the company had a GAAP net loss of $10.83 million.
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Spring Bank Pharmaceuticals, Inc. is a clinical stage biopharmaceutical company, which engages in discovery and development of a novel class of therapeutics using its proprietary small molecule nucleic acid hybrid (SMNH) chemistry platform. Its pipeline include RIG-I & STING Agonists platforms. The company was founded by Douglas J. Jensen and Radhakrishnan P.