In a report released yesterday, Patrick Dolezal from LifeSci Capital maintained a Buy rating on Oyster Point Pharma (OYST), with a price target of $71.00. The company’s shares closed last Thursday at $22.97.
According to TipRanks.com, Dolezal is a 5-star analyst with an average return of 32.1% and a 55.3% success rate. Dolezal covers the Healthcare sector, focusing on stocks such as Adverum Biotechnologies, Rocket Pharmaceuticals, and CymaBay Therapeutics.
Oyster Point Pharma has an analyst consensus of Moderate Buy, with a price target consensus of $71.00.
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The company has a one-year high of $41.37 and a one-year low of $13.26. Currently, Oyster Point Pharma has an average volume of 68.07K.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OYST in relation to earlier this year.
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Oyster Point Pharma, Inc. engages in the development and commercialization of pharmaceutical therapies to treat ocular surface diseases. Its product candidate, OC-01, is a nicotinic acetylcholine receptor agonist, which is being developed as a nasal spray to treat the signs and symptoms of dry eye disease. The company was founded by Michael and is Ackermann in June 30, 2015 headquartered in Princeton, NJ.
