H.C. Wainwright analyst Edward White maintained a Buy rating on InflaRx (IFRX) today and set a price target of $10.00. The company’s shares closed last Thursday at $3.89, close to its 52-week low of $3.35.
According to TipRanks.com, White is a top 100 analyst with an average return of 53.0% and a 55.7% success rate. White covers the Healthcare sector, focusing on stocks such as Spectrum Pharmaceuticals, Silverback Therapeutics, and Karyopharm Therapeutics.
InflaRx has an analyst consensus of Strong Buy, with a price target consensus of $11.25, a 181.3% upside from current levels. In a report issued on March 11, Guggenheim also upgraded the stock to Buy with a $16.00 price target.
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The company has a one-year high of $9.70 and a one-year low of $3.35. Currently, InflaRx has an average volume of 424.6K.
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InflaRx NV is a clinical-stage biopharmaceutical company, which engages in the discovery and development of inhibitors of the complement activation factor known as C5a. Its products includes IFX-1 and IFX-2. The company was founded by Niels Christoph Riedemann, Renfeng Guo and Nicolas Fulpius in December 2007 and is headquartered in Jena, Germany.