JonesTrading analyst Soumit Roy initiated coverage with a Buy rating on Aileron Therapeutics (ALRN) today and set a price target of $5.00. The company’s shares closed last Tuesday at $0.32, close to its 52-week low of $0.25.
According to TipRanks.com, Roy is a 3-star analyst with an average return of 2.4% and a 26.0% success rate. Roy covers the Healthcare sector, focusing on stocks such as Adaptimmune Therapeutics, Monopar Therapeutics Inc, and Aeglea Biotherapeutics.
Currently, the analyst consensus on Aileron Therapeutics is a Moderate Buy with an average price target of $4.00, implying a 958.8% upside from current levels. In a report issued on March 31, H.C. Wainwright also maintained a Buy rating on the stock with a $3.00 price target.
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The company has a one-year high of $1.87 and a one-year low of $0.25. Currently, Aileron Therapeutics has an average volume of 236.1K.
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Aileron Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of novel class of therapeutics for the treatment of cancer and other diseases. It focuses on its lead products candidate, ALRN-6924 which is a cell-permeating peptide that disrupts the interaction of p53 suppressors MDM2 and MDMX with tumor suppressor p53 to reactivate tumor suppression in non-mutant, or wild-type, p53 cancers. The company was founded by Gregory L. Verdine, Rosana Kapeller, Huw M. Nash, Joseph A. Yanchik III, and Loren David Walensky in June 2005 and is headquartered in Cambridge, MA.
