Chardan Capital Keeps Their Buy Rating on Replimune Group Inc (REPL)
In a report released today, Geulah Livshits from Chardan Capital reiterated a Buy rating on Replimune Group Inc (REPL), with a price target of $28.00. The company’s shares closed last Monday at $14.77.
According to TipRanks.com, Livshits is a 1-star analyst with an average return of -5.7% and a 28.1% success rate. Livshits covers the Healthcare sector, focusing on stocks such as PDS Biotechnology Corporation, Iovance Biotherapeutics Inc, and Logicbio Therapeutics Inc.
Replimune Group Inc has an analyst consensus of Strong Buy, with a price target consensus of $24.67, which is a 67.1% upside from current levels. In a report issued on October 16, H.C. Wainwright also reiterated a Buy rating on the stock with a $26.00 price target.
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Based on Replimune Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $9.51 million. In comparison, last year the company had a GAAP net loss of $6.46 million.
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Replimune Group, Inc. is a clinical-stage biotechnology company, which engages in the development of oncolytic immunotherapy product candidates through immulytic platform. Oncolytic immunotherapy is a cancer treatment that exploits the ability of certain viruses to selectively replicate in an direct kill turmors, as well as induce a potent, patient-specific, anti-tumor immune response. The company was founded by Philip Astley-Sparke, Colin Love and Robert Coffin in March 2015 and is headquartered in Woburn, MA.