In a report released today, Jason McCarthy from Maxim Group assigned a Buy rating to OncoSec Medical (NASDAQ: ONCS), with a price target of $5. The company’s shares opened today at $1.55.
McCarthy noted:
“ASCO (American Society of Clinical Oncology) is approaching in early June and for OncoSec, it should, in our view, set the stage for catalysts in the 2H18 and into 2019.”
According to TipRanks.com, McCarthy is a 4-star analyst with an average return of 5.7% and a 44.9% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, SELLAS Life Sciences Group Inc, and ContraVir Pharmaceuticals Inc.
Currently, the analyst consensus on OncoSec Medical is Moderate Buy and the average price target is $4.50, representing a 190.3% upside.
In a report issued on May 9, H.C. Wainwright also reiterated a Buy rating on the stock with a $4 price target.
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The company has a one-year high of $2.95 and a one-year low of $0.88. Currently, OncoSec Medical has an average volume of 1.2M.
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OncoSec Medical, Inc. engages in the design and commercialize medical products for the treatment of cancer. It involves in the discovery and development of novel immunotherapeutic products to improve treatment options for patients and physicians, which intends to treat oncology indications.
