JonesTrading analyst Soumit Roy reiterated a Buy rating on Infinity Pharma (INFI) today and set a price target of $3.50. The company’s shares closed last Monday at $1.15.
According to TipRanks.com, Roy is a 5-star analyst with an average return of 38.1% and a 53.4% success rate. Roy covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Monopar Therapeutics Inc, and Adaptimmune Therapeutics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Infinity Pharma with a $3.50 average price target.
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Based on Infinity Pharma’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $360K and GAAP net loss of $9.47 million. In comparison, last year the company earned revenue of $257K and had a GAAP net loss of $10.51 million.
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Infinity Pharmaceuticals, Inc. operates as a biopharmaceutical company, which engages in discovering, developing and delivering medicines for people with cancer. It focuses on drug development. The company was founded by Steven H. Holtzman on March 22, 1995 and is headquartered in Cambridge, MA.
