RBC Capital analyst Brian Abrahams maintained a Buy rating on Constellation Pharmaceuticals (CNST) today and set a price target of $45.00. The company’s shares closed last Thursday at $34.16.
According to TipRanks.com, Abrahams is a 5-star analyst with an average return of 8.5% and a 51.3% success rate. Abrahams covers the Healthcare sector, focusing on stocks such as Intra-Cellular Therapies, Karyopharm Therapeutics, and Vertex Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Constellation Pharmaceuticals with a $48.71 average price target.
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Based on Constellation Pharmaceuticals’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $24.21 million. In comparison, last year the company had a GAAP net loss of $19.94 million.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.
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Constellation Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of novel therapeutics in the field of epigenetics. The company utilizes epigenetics platform, which enables to validate targets and generate small molecules against these targets that selectively modulate gene expression in tumor and immune cells to drive anti-tumor activity. Its product candidates include CPI-0610, CPI-1205, and CPI-0209. The company was founded by Danny Reinberg, David Allis, and Yang Shi on January 11, 2008 and is headquartered in Cambridge, MA.
