In a report released today, Joseph Pantginis from H.C. Wainwright reiterated a Buy rating on Krystal Biotech Inc (KRYS), with a price target of $32. The company’s shares opened today at $23.27.
Pantginis wrote:
“Valuation and risks to price target achievement. We reiterate our Buy rating and $32 price target. Our valuation is based on our clinical net present value (NPV) model, which allows us to flex multiple assumptions affecting a drug’s potential commercial profile. Our model currently received the majority of valuation contribution from KB103 for the treatment of DEB patients, with modest contribution from KB105 for ARCI.”
According to TipRanks.com, Pantginis has 0 stars on 0-5 star ranking scale with an average return of -24.3% 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.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Krystal Biotech Inc with a $42.25 average price target, which is an 81.6% upside from current levels. In a report issued on December 12, Cowen & Co. also initiated coverage with a Buy rating on the stock.
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The company has a one-year high of $28.75 and a one-year low of $8.35. Currently, Krystal Biotech Inc has an average volume of 84.73K.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KRYS in relation to earlier this year.
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Krystal Biotech, Inc. is a gene therapy company, which engages in developing and commercializing treatment for patients suffering from dermatological diseases. It developed a gene therapy platform, which company refer to as the Skin TARgeted Delivery platform, or STAR-D platform, that consists of a patent pending engineered viral vector based on herpes simplex virus 1, or HSV-1, and skin-optimized gene transfer technology, to develop off-the-shelf treatments for dermatological diseases for which company believe there are no known effective treatments. The company was founded by Suma M. Krishnan in December 2017and is headquartered in Pittsburgh, PA.
