Raymond James analyst Steven Seedhouse maintained a Buy rating on CymaBay Therapeutics (CBAY) today. The company’s shares closed last Friday at $6.14, close to its 52-week high of $7.09.
According to TipRanks.com, Seedhouse is a 4-star analyst with an average return of 18.8% and a 47.7% success rate. Seedhouse covers the Healthcare sector, focusing on stocks such as Alexion Pharmaceuticals, Arcturus Therapeutics, and Mirum Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CymaBay Therapeutics with a $12.86 average price target, implying a 109.4% upside from current levels. In a report issued on August 25, Citigroup also maintained a Buy rating on the stock with a $9.00 price target.
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Based on CymaBay Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $13.09 million. In comparison, last year the company had a GAAP net loss of $24.04 million.
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CymaBay Therapeutics, Inc. is a clinical stage biopharmaceutical company, focused on developing and providing access to therapies for patients with liver and other chronic diseases with high unmet medical need. Its products include MBX-8025 and Arhalofenate, MBX-8025 aims to treat lipid and liver diseases while Arhalofenate intends to reduce gout flares and serum uric acid. The company was founded on October 5, 1988 and is headquartered in Newark, CA.
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