In a report released today, Edward White from H.C. Wainwright maintained a Buy rating on TRACON Pharmaceuticals (TCON), with a price target of $12.00. The company’s shares closed last Thursday at $7.65.
According to TipRanks.com, White is a top 100 analyst with an average return of 37.8% and a 55.7% success rate. White covers the Healthcare sector, focusing on stocks such as Spectrum Pharmaceuticals, Karyopharm Therapeutics, and Aeglea Biotherapeutics.
Currently, the analyst consensus on TRACON Pharmaceuticals is a Moderate Buy with an average price target of $8.75.
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The company has a one-year high of $10.65 and a one-year low of $0.95. Currently, TRACON Pharmaceuticals has an average volume of 973.7K.
Based on the recent corporate insider activity of 26 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 TCON in relation to earlier this year.
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TRACON Pharmaceuticals, Inc. engages in the development and commercialization of targeted therapies for cancer, ophthalmic, and fibrotic diseases. Its products include TRC105, an anti-endoglin antibody for the treatment of solid tumor types; TRC205 created for the treatment of fibrotic diseases; and TRC102, a small molecule that is in clinical development made for lung cancer and glioblastoma. The company was founded in October 2004 and is headquartered in San Diego, CA.
