In a report released today, Salim Syed from Mizuho Securities maintained a Buy rating on Atara Biotherapeutics (ATRA), with a price target of $38.00. The company’s shares closed last Friday at $14.81.
According to TipRanks.com, Syed is a 1-star analyst with an average return of -3.5% and a 51.4% success rate. Syed covers the Healthcare sector, focusing on stocks such as Assembly Biosciences, Coherus Biosciences, and Unity Biotechnology.
Atara Biotherapeutics has an analyst consensus of Strong Buy, with a price target consensus of $33.25, representing an 119.8% upside. In a report issued on May 15, Canaccord Genuity also maintained a Buy rating on the stock with a $70.00 price target.
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Based on Atara Biotherapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $73.51 million. In comparison, last year the company had a GAAP net loss of $66.26 million.
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Atara Biotherapeutics, Inc. operates as a clinical stage company, which engages in the development of novel therapeutics for patients with cancer, autoimmune, and viral diseases. Its pipeline includes Tab-cel, ATA188, ATA2271/ATA3271, and ATA3219. The company was founded by Isaac E. Ciechanover on August 22, 2012 and is headquartered in South San Francisco, CA.
