JonesTrading analyst Soumit Roy reiterated a Buy rating on Surface Oncology (SURF) today and set a price target of $12.00. The company’s shares closed last Tuesday at $2.66.
According to TipRanks.com, Roy is a 5-star analyst with an average return of 12.7% and a 47.0% success rate. Roy covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Adaptimmune Therapeutics, and Monopar Therapeutics Inc.
Currently, the analyst consensus on Surface Oncology is a Moderate Buy with an average price target of $12.00.
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Based on Surface Oncology’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $38.59 million and net profit of $22.57 million. In comparison, last year the company earned revenue of $14.43 million and had a GAAP net loss of $4.2 million.
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Surface Oncology, Inc. is a clinical-stage immuno-oncology company, which focuses on biological pathways critical to the immunosuppressive tumor microenvironment and the development of next-generation cancer therapies. The company was founded by David S. Grayzel in 2014 and is headquartered in Cambridge, MA.
