Equillium (EQ) Receives a Buy from JonesTrading

In a report released today, Prakhar Agrawal from JonesTrading maintained a Buy rating on Equillium (EQ), with a price target of $14.00. The company’s shares closed last Thursday at $6.98.

According to TipRanks.com, Agrawal is a 1-star analyst with an average return of -0.3% and a 45.8% success rate. Agrawal covers the Healthcare sector, focusing on stocks such as Arcutis Biotherapeutics, Phathom Pharmaceuticals, and Aldeyra Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Equillium with a $14.00 average price target, representing a 96.9% upside. In a report issued on June 7, H.C. Wainwright also reiterated a Buy rating on the stock with a $12.00 price target.

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Equillium’s market cap is currently $202.7M and has a P/E ratio of -5.20. The company has a Price to Book ratio of 2.25.

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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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