Oppenheimer analyst Jay Olson maintained a Buy rating on Mirati Therapeutics (MRTX) today. The company’s shares opened today at $76.82, close to its 52-week high of $80.
According to TipRanks.com, Olson has 0 stars on 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.
Mirati Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $80.60, which is a 4.9% upside from current levels. In a report issued on March 4, Guggenheim also maintained a Buy rating on the stock with a $90 price target.
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Based on Mirati Therapeutics’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $28.27 million. In comparison, last year the company had a GAAP net loss of $17.9 million.
Based on the recent corporate insider activity of 24 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 MRTX in relation to earlier this year.
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Mirati Therapeutics, Inc. is a clinical-stage oncology company, which engages in developing a pipeline of oncology products to treat genetic, immunological and epigenetic drivers of cancer in subsets of cancer patients. Its clinical pipeline consists of glesatinib, sitravatinib and mocetinostat.
