H.C. Wainwright analyst Joseph Pantginis reiterated a Buy rating on Genocea Biosciences (GNCA) today and set a price target of $5. The company’s shares opened today at $0.37, close to its 52-week low of $0.28.
Pantginis commented:
“Valuation and risks to price target achievement. We reiterate our Buy rating and $5 price target. Our valuation is based on our clinical net present value (NPV) model, which is currently driven by the company’s lead asset, GEN-009. This model allows us to flex multiple assumptions affecting a drug’s potential commercial profile. Factors which could impede reaching our price target include failed or inconclusive Genocea Biosciences, Inc.”
According to TipRanks.com, Pantginis is ranked 0 out of 5 stars with an average return of -26.9% and a 19.7% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Iovance Biotherapeutics Inc, and Checkpoint Therapeutics Inc.
Genocea Biosciences has an analyst consensus of Moderate Buy, with a price target consensus of $3.50.
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The company has a one-year high of $1.26 and a one-year low of $0.28. Currently, Genocea Biosciences has an average volume of 268.2K.
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Genocea Biosciences engages in the development and commercialization of cancer vaccines. It uses its proprietary technology platform ATLAS, to identify clinically relevant antigens of T cells based on actual human immune responses.
