Cowen & Co. Thinks Five Prime Therapeutics’ Stock is Going to Recover


In a report released yesterday, Chris Shibutani from Cowen & Co. maintained a Buy rating on Five Prime Therapeutics (FPRX). The company’s shares closed on Friday at $8.40, close to its 52-week low of $7.84.

According to TipRanks.com, Shibutani is a 3-star analyst with an average return of 0.7% and a 42.9% success rate. Shibutani covers the Healthcare sector, focusing on stocks such as Syndax Pharmaceuticals Inc, Pieris Pharmaceuticals, and Evelo Biosciences Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Five Prime Therapeutics with a $17 average price target.

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The company has a one-year high of $18.55 and a one-year low of $7.84. Currently, Five Prime Therapeutics has an average volume of 300.8K.

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Five Prime Therapeutics, Inc. is a clinical-stage biotechnology company, which focuses on discovering and developing novel protein therapeutics. product candidates includes, Cabiralizumab(FPA008), Bemarituzumab(FPA144), and FPA150.

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