Kura Oncology (KURA) Received its Third Buy in a Row


After H.C. Wainwright and Cowen & Co. gave Kura Oncology (NASDAQ: KURA) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Jay Olson maintained a Buy rating on Kura Oncology today. The company’s shares opened today at $15.83.

According to TipRanks.com, Olson is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -2.6% and a 45.0% success rate. Olson covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals Inc, Conatus Pharmaceuticals, and Enanta Pharmaceuticals.

Currently, the analyst consensus on Kura Oncology is a Strong Buy with an average price target of $31, representing a 95.8% upside. In a report issued on March 6, H.C. Wainwright also reiterated a Buy rating on the stock with a $31 price target.

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Based on Kura Oncology’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $16.1 million. In comparison, last year the company had a GAAP net loss of $10.75 million.

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Kura Oncology, Inc. operates as a clinical-stage biopharmaceutical company which engages in the research and development of medicines for the treatment of cancer. Its pipeline includes Tipifarnib which is a Farnesyl transferase inhibitor for HRAS Mutant Solid Tumors, Chronic Myelomonocytic Leukemia; KO-947 which is an ERK inhibitor for MAPK Pathway Tumors; and KO-539 which is a Menin MLL inhibitor for acute leukemias. The company was founded by Troy E. Wilson, Yi Liu, Pingda Ren and Antonio Gualberto on August 22, 2014 and is headquartered in La Jolla, CA.

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