Heron Therapeutics (HRTX) Received its Third Buy in a Row

After Northland Securities and Cantor Fitzgerald gave Heron Therapeutics (NASDAQ: HRTX) a Buy rating last month, the company received another Buy, this time from Stifel Nicolaus. Analyst Derek Archila reiterated a Buy rating on Heron Therapeutics today and set a price target of $27.00. The company’s shares closed last Thursday at $17.06.

According to TipRanks.com, Archila is a 4-star analyst with an average return of 6.6% and a 43.4% success rate. Archila covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Madrigal Pharmaceuticals, and Phasebio Pharmaceuticals.

Currently, the analyst consensus on Heron Therapeutics is a Strong Buy with an average price target of $29.00, implying a 61.6% upside from current levels. In a report issued on April 29, Northland Securities also assigned a Buy rating to the stock with a $35.00 price target.

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The company has a one-year high of $22.40 and a one-year low of $12.52. Currently, Heron Therapeutics has an average volume of 1.06M.

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Heron Therapeutics, Inc. is a biotechnology company, which develops pharmaceutical products for patients suffering from cancer. The company develops products by using its proprietary Biochronomer polymer based drug delivery technology. Its products include SUSTOL, Pipeline, Cinvanti and HTX-011. The company has additional clinical and preclinical-stage programs in the area of pain management, all of which utilize its bio erodible, injectable and implantable delivery systems. Heron Therapeutics was founded in February 1983 and is headquartered in Redwood City, CA.

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