William Blair Maintains Their Buy Rating on Celyad (CYAD)

William Blair analyst Raju Prasad maintained a Buy rating on Celyad (CYAD) today. The company’s shares closed last Monday at $7.25.

According to TipRanks.com, Prasad is a 2-star analyst with an average return of -0.4% and a 35.2% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Alexion Pharmaceuticals, and Rocket Pharmaceuticals.

Currently, the analyst consensus on Celyad is a Strong Buy with an average price target of $40.50, a 524.0% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $37.00 price target.

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The company has a one-year high of $22.86 and a one-year low of $4.10. Currently, Celyad has an average volume of 23.33K.

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Celyad SA is a clinical-stage biopharmaceutical company, which engages in the development of cell-based therapies for the treatment of cancer. It operates through the following segments: Cardiology, Immuno-oncology, and Corporate. The Cardiology segment includes the company’s Cardiopoiesis, Corquest, and C-Cathez platforms. The Immuno-oncology segment consists of all assets developed based on the CAR-T cell platform. The company was founded by Michel Lussier, William Wijns, and Christian Homsy on July 24, 2007 and is headquartered in Mont-Saint-Guibert, Belgium.

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