Mizuho Securities analyst Mara Goldstein maintained a Buy rating on Arcus Biosciences (RCUS) yesterday and set a price target of $40.00. The company’s shares closed last Monday at $33.94, close to its 52-week high of $36.33.
According to TipRanks.com, Goldstein is a 3-star analyst with an average return of 0.8% and a 34.4% success rate. Goldstein covers the Healthcare sector, focusing on stocks such as Adaptimmune Therapeutics, Iovance Biotherapeutics, and Corvus Pharmaceuticals.
Currently, the analyst consensus on Arcus Biosciences is a Strong Buy with an average price target of $29.00, implying a -18.9% downside from current levels. In a report issued on May 6, Wedbush also maintained a Buy rating on the stock with a $40.00 price target.
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Based on Arcus Biosciences’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.75 million and GAAP net loss of $27.75 million. In comparison, last year the company earned revenue of $1.75 million and had a GAAP net loss of $17.67 million.
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Arcus Biosciences, Inc. engages in the development and commercialization of immunotherapies. The firm compete in the segments of the pharmaceutical, biotechnology and other related markets that develop immunotherapies for the treatment of cancer. The company was founded by Terry J. Rosen and Juan Carlos Jaen in 2015 and is headquartered in Hayward, CA.
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