Oppenheimer analyst Kevin DeGeeter maintained a Buy rating on Moleculin Biotech (MBRX) yesterday and set a price target of $2.00. The company’s shares closed last Friday at $0.77.
According to TipRanks.com, DeGeeter is a 5-star analyst with an average return of 30.7% and a 53.7% success rate. DeGeeter covers the Healthcare sector, focusing on stocks such as Interpace Diagnostics Group, Rocket Pharmaceuticals, and Ionis Pharmaceuticals.
Moleculin Biotech has an analyst consensus of Moderate Buy, with a price target consensus of $2.50, implying a 247.2% upside from current levels. In a report issued on November 13, Maxim Group also assigned a Buy rating to the stock with a $3.00 price target.
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The company has a one-year high of $1.97 and a one-year low of $0.32. Currently, Moleculin Biotech has an average volume of 486.5K.
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Moleculin Biotech, Inc. is a clinical stage pharmaceutical company, which focuses on the development of oncology drug candidates. Its Annamycin product candidate helps in the treatment of relapsed or refractory acute myeloid leukemia. The company’s preclinical small molecule portfolios focus on the modulation of hard-to-target tumor cell signaling mechanisms and the metabolism of tumors. Moleculin Biotech was founded by Walter V. Klemp, Donald H. Picker and Waldemar Priebe on July 28, 2015 and is headquartered in Houston, TX.
