B.Riley Financial Believes CymaBay Therapeutics (CBAY) Won’t Stop Here
B.Riley Financial analyst Mayank Mamtani reiterated a Buy rating on CymaBay Therapeutics (CBAY) today and set a price target of $13.00. The company’s shares closed last Friday at $7.92, close to its 52-week high of $9.06.
According to TipRanks.com, Mamtani is a 5-star analyst with an average return of 23.6% and a 51.0% success rate. Mamtani covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Madrigal Pharmaceuticals, and Spectrum Pharmaceuticals.
Currently, the analyst consensus on CymaBay Therapeutics is a Strong Buy with an average price target of $12.00, a 43.9% upside from current levels. In a report released yesterday, Raymond James also initiated coverage with a Buy rating on the stock with a $12.00 price target.
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The company has a one-year high of $9.06 and a one-year low of $1.21. Currently, CymaBay Therapeutics has an average volume of 1.79M.
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CymaBay Therapeutics, Inc. is a clinical stage biopharmaceutical company, focused on developing and providing access to therapies for patients with liver and other chronic diseases with high unmet medical need. Its products include MBX-8025 and Arhalofenate, MBX-8025 aims to treat lipid and liver diseases while Arhalofenate intends to reduce gout flares and serum uric acid. The company was founded on October 5, 1988 and is headquartered in Newark, CA.