H.C. Wainwright Thinks Turning Point Therapeutics’ Stock is Going to Recover

In a report released today, Robert Burns from H.C. Wainwright reiterated a Buy rating on Turning Point Therapeutics (TPTX), with a price target of $178.00. The company’s shares closed last Thursday at $64.78, close to its 52-week low of $51.56.

According to TipRanks.com, Burns is a 4-star analyst with an average return of 9.7% and a 38.0% success rate. Burns covers the Healthcare sector, focusing on stocks such as Forma Therapeutics Holdings, Black Diamond Therapeutics, and Springworks Therapeutics.

Currently, the analyst consensus on Turning Point Therapeutics is a Strong Buy with an average price target of $164.75, implying a 137.1% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $150.00 price target.

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The company has a one-year high of $141.30 and a one-year low of $51.56. Currently, Turning Point Therapeutics has an average volume of 399.5K.

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Turning Point Therapeutics, Inc. engages in the discovery and development of precision medicines for cancer and other diseases. It focuses on the design of novel chemical identities for established oncogene drivers with secondary resistant mutations, newly identified disease-driven targets, and potential targets regulating tumor microenvironment and tumor immunity. The company was founded by J. Jean Cui and Y. Peter Li in October 2013 and is headquartered in San Diego, CA.

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