H.C. Wainwright Thinks Black Diamond Therapeutics’ Stock is Going to Recover

H.C. Wainwright analyst Robert Burns reiterated a Buy rating on Black Diamond Therapeutics (BDTX) today and set a price target of $53.00. The company’s shares closed last Wednesday at $22.23, close to its 52-week low of $21.04.

According to TipRanks.com, Burns is a 4-star analyst with an average return of 11.6% and a 41.1% success rate. Burns covers the Healthcare sector, focusing on stocks such as Forma Therapeutics Holdings, Turning Point Therapeutics, and Springworks Therapeutics.

Black Diamond Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $50.00, implying an 117.7% upside from current levels. In a report issued on May 7, Berenberg Bank also maintained a Buy rating on the stock with a $58.00 price target.

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Black Diamond Therapeutics’ market cap is currently $803.9M and has a P/E ratio of -10.50. The company has a Price to Book ratio of 3.23.

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Black Diamond Therapeutics, Inc. engages in the biotechnology company that discovers and develops therapeutic agents to target unique oncogenic protein-isoforms. The company was founded by Dr. David M. Epstein and Dr. Elizabeth Buck in 2014 and is headquartered in Cambridge, MA.

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