Chardan Capital Maintains Buy Rating for CRISPR Therapeutics: Here's What You Need To Know

Chardan Capital has decided to maintain its Buy rating of CRISPR Therapeutics CRSP and lower its price target from $168.00 to $164.00.

Shares of CRISPR Therapeutics are trading down 8.24% over the last 24 hours, at $59.34 per share.

A move to $164.00 would account for a 176.38% increase from the current share price.

About CRISPR Therapeutics

CRISPR Therapeutics is a gene editing company focused on the development of CRISPR/Cas9-based therapeutics. CRISPR/Cas9 stands for Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/CRISPR-associated protein 9 (Cas9), which is a revolutionary technology for precisely altering specific sequences of genomic DNA. The company is focused on using this technology to treat genetically defined diseases. CRISPR's most advanced pipeline candidate, CTX001, is in collaboration with Vertex Pharmaceuticals and targets sickle cell disease and transfusion-dependent beta-thalassemia, which have high unmet medical needs. The company is progressing additional gene editing programs for immuno-oncology, as well as a stem cell-derived therapy for the treatment of Type 1 diabetes.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.