In a report released yesterday, John Newman from Canaccord Genuity maintained a Buy rating on Adicet Bio (ACET), with a price target of $28.00. The company’s shares closed last Monday at $13.18.
According to TipRanks.com, Newman is a 4-star analyst with an average return of 12.9% and a 42.8% success rate. Newman covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Hutchison China MediTech, and Allogene Therapeutics.
Adicet Bio has an analyst consensus of Strong Buy, with a price target consensus of $28.60, representing an 117.0% upside. In a report released yesterday, BTIG also initiated coverage with a Buy rating on the stock with a $34.00 price target.
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resTORbio, Inc. is a clinical-stage biopharmaceutical company. The firm engages in the development and commercialization of medicines for aging-related diseases and conditions. It offers an immunotherapy under the TORC1 program. The company was founded by Chen Schor and Joan Mannick on July 5, 2016 and is headquartered in Boston, MA.
