.png "Cytokinetics (NASDAQ: CYTK)")
In a report released today, Chad Messer from Needham reiterated a Buy rating on Cytokinetics (CYTK), with a price target of $24.00. The company’s shares closed last Tuesday at $13.66.
According to TipRanks.com, Messer is a 4-star analyst with an average return of 5.9% and a 41.1% success rate. Messer covers the Healthcare sector, focusing on stocks such as Phasebio Pharmaceuticals, Aeglea Biotherapeutics, and Ionis Pharmaceuticals.
Cytokinetics has an analyst consensus of Strong Buy, with a price target consensus of $25.25, implying an 82.3% upside from current levels. In a report issued on March 31, H.C. Wainwright also reiterated a Buy rating on the stock with a $30.00 price target.
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The company has a one-year high of $16.96 and a one-year low of $7.73. Currently, Cytokinetics has an average volume of 907.8K.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CYTK in relation to earlier this year.
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Cytokinetics, Inc. operates as a biopharmaceutical company, which focuses on the discovery and development of muscle activators as potential treatment for debilitating diseases. It conducts a Phase 2 clinical trials program for tirasemtiv, including a Phase 2b clinical trial in patients with ALS, known as BENEFIT-ALS (Blinded Evaluation of Neuromuscular Effects and Functional Improvement with Tirasemtiv in ALS). The company was founded on August 5, 1997 and is headquartered in South San Francisco, CA.
