In a report released today, Soumit Roy from JonesTrading reiterated a Buy rating on Curis (CRIS), with a price target of $5.00. The company’s shares closed last Tuesday at $1.14.
According to TipRanks.com, Roy is a 5-star analyst with an average return of 38.7% and a 56.0% success rate. Roy covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Monopar Therapeutics Inc, and Adaptimmune Therapeutics.
Curis has an analyst consensus of Moderate Buy, with a price target consensus of $5.00.
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Based on Curis’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.36 million and GAAP net loss of $6.71 million. In comparison, last year the company earned revenue of $2.09 million and had a GAAP net loss of $7.21 million.
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Curis, Inc. engages in the development and commercialization of drug candidates for the treatment of human cancers. Its pipeline includes CUDC-907, CA-4948, CA-170, and CA-327. The CUDC-907 pipeline is an orally available small molecule inhibitor of HDAC and PI3K enzymes. The CA-170 pipeline is an also an orally-available small molecule antagonist of PD-L1 and VISTA immune checkpoints. The company was founded on February 14, 2000 and is headquartered in Lexington, MA.
