Seres Therapeutics (MCRB) Receives a Buy from Oppenheimer
Oppenheimer analyst Mark Breidenbach assigned a Buy rating to Seres Therapeutics (MCRB) today and set a price target of $38.00. The company’s shares closed last Tuesday at $26.52.
According to TipRanks.com, Breidenbach is a 5-star analyst with an average return of 22.9% and a 48.2% success rate. Breidenbach covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Iovance Biotherapeutics, and Arvinas Holding Company.
Seres Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $42.50, implying a 58.6% upside from current levels. In a report issued on January 6, Canaccord Genuity also maintained a Buy rating on the stock with a $42.00 price target.
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Based on Seres Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.42 million and GAAP net loss of $30.28 million. In comparison, last year the company earned revenue of $7.03 million and had a GAAP net loss of $16.41 million.
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Seres Therapeutics, Inc. operates a microbiome therapeutics platform company, which engages in the development of biological drugs. The firm creates medicines using live bacteria to treat diseases resulting from functional deficiencies in the microbiome, a condition known as dysbiosis. It focuses on implementing microbiome therapeutics platform to develop ecobiotic microbiome therapeutics that treats dysbiosis in the colonic microbiome. The company was founded by Geoffrey von Maltzahn, David A. Berry and Noubar B. Afeyan on October 18, 2010 and is headquartered in Cambridge, MA.