Why Did Oppenheimer Upgrade Sunesis Pharma’s Stock?

Sunesis Pharma (SNSS) received a Buy rating and a $12.00 price target from Oppenheimer analyst Hartaj Singh today. The company’s shares closed last Monday at $3.56.

According to TipRanks.com, Singh is a 5-star analyst with an average return of 20.0% and a 51.0% success rate. Singh covers the Healthcare sector, focusing on stocks such as Vertex Pharmaceuticals, Strongbridge Biopharma, and Inovio Pharmaceuticals.

Sunesis Pharma has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.

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Sunesis Pharma’s market cap is currently $64.47M and has a P/E ratio of -2.10. The company has a Price to Book ratio of 3.61.

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Sunesis Pharmaceuticals, Inc. engages in the development and commercialization of new oncology therapeutics for the treatment of solid and hematologic cancers. The firms activities include conducting research and development internally and through corporate collaborators, in-licensing and out-licensing pharmaceutical compounds and technology, conducting clinical trials and raising capital. The company was founded on February 10, 1998 and is headquartered in South San Francisco, CA.

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