In a report released today, Carl Byrnes from Northland Securities maintained a Buy rating on Aridis Pharmaceuticals Inc (ARDS), with a price target of $40. The company’s shares closed yesterday at $9.85.
Byrnes wrote:
“We anticipate interim data from Aridis’ ongoing P3 trial in 1Q20, w/ TLR by YE20.”
According to TipRanks.com, Byrnes is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.9% and a 22.9% success rate. Byrnes covers the Healthcare sector, focusing on stocks such as Adamas Pharmaceuticals, Flexion Therapeutics, and Heron Therapeutics.
Currently, the analyst consensus on Aridis Pharmaceuticals Inc is a Strong Buy with an average price target of $30, which is a 204.7% upside from current levels. In a report released yesterday, Cantor Fitzgerald also maintained a Buy rating on the stock with a $25 price target.
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The company has a one-year high of $13.85 and a one-year low of $7.59. Currently, Aridis Pharmaceuticals Inc has an average volume of 4,526.
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Aridis Pharmaceuticals, Inc. engages in the discovery and development of targeted immunotherapy using fully human monoclonal antibodies, or mAbs, to treat life-threatening infections. Its products include AR-301, AR-105, AR-101, AR-401, AR-201, and AR-501. The company was founded by Eric J. Patzer and Vu L. Truong in 2003 and is headquartered in San Jose, CA.
