Oppenheimer Reaffirms Their Hold Rating on Editas Medicine (EDIT)

Oppenheimer analyst Silvan Tuerkcan maintained a Hold rating on Editas Medicine (EDIT) yesterday. The company’s shares closed last Monday at $22.41.

According to TipRanks.com, Tuerkcan is a 4-star analyst with an average return of 28.8% and a 35.0% success rate. Tuerkcan covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals, Crispr Therapeutics AG, and Intellia Therapeutics.

The word on The Street in general, suggests a Hold analyst consensus rating for Editas Medicine with a $38.00 average price target, a 69.1% upside from current levels. In a report issued on February 21, Wells Fargo also initiated coverage with a Hold rating on the stock with a $28.00 price target.

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The company has a one-year high of $34.37 and a one-year low of $19.29. Currently, Editas Medicine has an average volume of 828.9K.

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Editas Medicine, Inc. engages in the development and commercialization of genome editing technology. Its technology includes clustered, regularly interspaced short palindromic repeats (CRISPR); and CRISPR associated protein 9 (Cas9).

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