H.C. Wainwright Sticks to Its Buy Rating for IDEAYA Biosciences (IDYA)


H.C. Wainwright analyst Edward White maintained a Buy rating on IDEAYA Biosciences (IDYA) today and set a price target of $22.00. The company’s shares closed last Wednesday at $12.94.

According to TipRanks.com, White is a 5-star analyst with an average return of 29.3% and a 48.5% success rate. White covers the Healthcare sector, focusing on stocks such as Spectrum Pharmaceuticals, Karyopharm Therapeutics, and Allena Pharmaceuticals.

IDEAYA Biosciences has an analyst consensus of Strong Buy, with a price target consensus of $24.00, representing an 85.5% upside. In a report issued on October 7, Northland Securities also maintained a Buy rating on the stock with a $28.00 price target.

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Based on IDEAYA Biosciences’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $12.39 million. In comparison, last year the company had a GAAP net loss of $10.66 million.

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IDEAYA Biosciences, Inc. develops cancer therapeutics. It is an oncology-focused precision medicine company committed to the discovery and development of targeted therapeutics for patient populations selected using molecular diagnostics. The company operates and manages its business as one operating and reportable segment, which is the business of research and development for oncology-focused precision medicine. The company was founded by Yujiro S. Hata and Jeffrey Hager in June 2015 and is headquartered in South San Francisco, CA.

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