H.C. Wainwright analyst Andrew Fein maintained a Hold rating on Syros Pharmaceuticals (SYRS) today and set a price target of $10. The company’s shares closed yesterday at $6.94.
Fein commented:
“Our price target of $10/share ($4.0 from tamibarotene + $3.4 from platform + $2.6 in cash) is based on a discounted cash flow analysis (2019-2027) using a 12% discount rate and 1% growth rate, in line with the expected discount and growth parameters of a development-stage oncology company.”
According to TipRanks.com, Fein is a 4-star analyst with an average return of 7.2% and a 44.6% success rate. Fein covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals Inc, DBV Technologies SA – American, and Proteostasis Therapeutics Inc.
Currently, the analyst consensus on Syros Pharmaceuticals is a Strong Buy with an average price target of $15.80.
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The company has a one-year high of $13.73 and a one-year low of $5.17. Currently, Syros Pharmaceuticals has an average volume of 186.5K.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is neutral on the stock.
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Syros Pharmaceuticals, Inc. engages in the development of novel gene control therapies for cancer and other diseases. It has developed a proprietary platform that is designed to systematically and efficiently analyse unexploited region of DNA in human disease tissue to identify and drug novel targets linked to genomically defined patient populations.
