In a report published Monday, Citigroup analyst Yaron Werber initiated coverage on Atara Biotherapeutics Inc ATRA with a Buy rating and $37.00 price target.
In the report, Citigroup noted, “We are initiating coverage of Atara Biotherapeutics with a Buy rating and a $37 target price. Atara has two lead product candidates, PINTA 745 in ph2 development for protein energy wasting in ESRD, and STM-434 in ph 1 for selected ovarian cancers. While we recognize Atara is early stage, we view the severe unmet medical need in protein energy wasting in ESRD providing an enticing value proposition. Ph 2 data from PINTA 745 in H2:15 should provide the opportunity to de-risk this program, while STM-434 dose escalation data is expected in 2016. We reach our $37 target price based on 35x our ‘22 EPS estimates of $2.50 discounted by 15% annually.”
Atara Biotherapeutics closed on Friday at $28.00.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in