Leerink Partners Believes CymaBay Therapeutics (CBAY) Won’t Stop Here

In a report released today, Thomas Smith from Leerink Partners maintained a Buy rating on CymaBay Therapeutics (CBAY), with a price target of $10.00. The company’s shares closed last Thursday at $8.50, close to its 52-week high of $9.06.

According to TipRanks.com, Smith is ranked #969 out of 7028 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CymaBay Therapeutics with a $12.00 average price target, representing a 43.4% upside. In a report released yesterday, LifeSci Capital also maintained a Buy rating on the stock with a $12.00 price target.

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The company has a one-year high of $9.06 and a one-year low of $1.21. Currently, CymaBay Therapeutics has an average volume of 1.79M.

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CymaBay Therapeutics, Inc. is a clinical stage biopharmaceutical company, focused on developing and providing access to therapies for patients with liver and other chronic diseases with high unmet medical need. Its products include MBX-8025 and Arhalofenate, MBX-8025 aims to treat lipid and liver diseases while Arhalofenate intends to reduce gout flares and serum uric acid. The company was founded on October 5, 1988 and is headquartered in Newark, CA.

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