Chinook Therapeutics (KDNY) Gets a Buy Rating from Evercore ISI

Evercore ISI analyst Joshua Schimmer maintained a Buy rating on Chinook Therapeutics (KDNY) yesterday and set a price target of $32.00. The company’s shares closed last Wednesday at $17.56.

According to, Schimmer is a 5-star analyst with an average return of 15.8% and a 54.1% success rate. Schimmer covers the Healthcare sector, focusing on stocks such as Freeline Therapeutics Holdings, Talaris Therapeutics, Inc., and 4D Molecular Therapeutics.

Currently, the analyst consensus on Chinook Therapeutics is a Strong Buy with an average price target of $31.57, representing a 65.9% upside. In a report issued on May 27, H.C. Wainwright also maintained a Buy rating on the stock with a $28.00 price target.

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The company has a one-year high of $21.68 and a one-year low of $10.50. Currently, Chinook Therapeutics has an average volume of 223.8K.

Based on the recent corporate insider activity of 14 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 KDNY in relation to earlier this year.

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Aduro BioTech, Inc. is a clinical-stage immunotherapy company, which engages in the discovery, development, and commercialization of therapies that transform the treatment of diseases, including cancer. Its technology platforms include STING Pathway Activator, B-select monoclonal antibody, and LADD, or Live, Attenuated, Double-Deleted Listeria monocytogenes. The company’s platforms stimulate and/or regulate innate and adaptive immune responses, either as single agents or in combination with conventional therapies like chemotherapy and radiation as well as other novel immunotherapies. Aduro BioTech was founded in 2000 and is headquartered in Berkeley, CA.

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