Needham Maintains Their Buy Rating on Cara Therapeutics (CARA)


In a report released today, Alan Carr from Needham maintained a Buy rating on Cara Therapeutics (CARA), with a price target of $28. The company’s shares opened today at $20.13.

According to TipRanks.com, Carr is a 4-star analyst with an average return of 6.2% and a 46.7% success rate. Carr covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co Ltd, ACADIA Pharmaceuticals Inc, and Rhythm Pharmaceuticals Inc.

Cara Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $25.63, representing a 27.3% upside. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $26 price target.

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The company has a one-year high of $24.30 and a one-year low of $11.50. Currently, Cara Therapeutics has an average volume of 611.9K.

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CARA Therapeutics, Inc. engages in the research, development, and commercialization of pharmaceutical products. Its portfolio includes opioid-based products, anesthetic-based drugs, and analgesics that targets to alleviate itch and pain.

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