Jefferies analyst Biren Amin maintained a Buy rating on Equillium (EQ) on July 30 and set a price target of $16.00. The company’s shares closed last Wednesday at $8.97.
According to TipRanks.com, Amin is a 5-star analyst with an average return of 9.9% and a 47.5% success rate. Amin covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals, Forma Therapeutics Holdings, and Zentalis Pharmaceuticals.
Equillium has an analyst consensus of Strong Buy, with a price target consensus of $19.67, representing a 95.7% upside. In a report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $14.00 price target.
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Based on Equillium’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $7.84 million. In comparison, last year the company had a GAAP net loss of $5.95 million.
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Equillium, Inc. is a biotechnology company, which engages in the development of products for severe immuno-inflammatory disorders with high unmet medical need. Its product pipeline include EQ001, is a monoclonal antibody that selectively targets the novel immune checkpoint receptor CD6. The company was founded by Daniel Mark Bradbury, Bruce D. Steel, and Stephen Connelly on March 16, 2017 and is headquartered in La Jolla, CA.
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