Sutro Biopharma (STRO) Gets a Buy Rating from Cowen & Co.
In a report released today, Boris Peaker from Cowen & Co. maintained a Buy rating on Sutro Biopharma (STRO). The company’s shares closed last Monday at $11.38.
According to TipRanks.com, Peaker has currently no stars on a ranking scale of 0-5 stars, with an average return of -2.1% and a 38.7% success rate. Peaker covers the Healthcare sector, focusing on stocks such as Iovance Biotherapeutics, Pacira Pharmaceuticals, and Emergent Biosolutions.
Currently, the analyst consensus on Sutro Biopharma is a Strong Buy with an average price target of $17.00, which is a 55.3% upside from current levels. In a report issued on October 30, H.C. Wainwright also maintained a Buy rating on the stock with a $18.00 price target.
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Based on Sutro Biopharma’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $13.79 million. In comparison, last year the company had a GAAP net loss of $10.24 million.
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Sutro Biopharma Inc. engages in the drug discovery, development and manufacturing of pharmaceutical products. Its products technologies include XpressCF, anti-body drug conjugates, bispecifics & engineered antibodies and cGMP facility. The company was founded by James R. Swartz and Sutanto Widjaja in June 2003 and is headquartered in South San Francisco, CA.