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 $7.90.
Fein wrote:
“Our price target of $10/share ($2.92 from tamibarotene + $3.50 from platform + $3.46 in cash) is based on a discounted cash flow analysis (2018-2027) 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 8.6% and a 42.8% success rate. Fein covers the Healthcare sector, focusing on stocks such as Proteostasis Therapeutics Inc, ACADIA Pharmaceuticals Inc, and Strongbridge Biopharma Plc.
Syros Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $20.25.
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The company has a one-year high of $15.88 and a one-year low of $6.25. Currently, Syros Pharmaceuticals has an average volume of 117.1K.
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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 analyze unexploited region of DNA in human disease tissue to identify and drug novel targets linked to genomically defined patient populations.
