In a report published Tuesday, Aegis Captial analyst Raghuram Selvaraju initiated a Buy rating on Sorrento Therapeutics SRNE and a price target of $40.00.
In the report, Aegis Capital says "We are initiating coverage of Sorrento Therapeutics, Inc., with a Buy rating and an 18-month price target of $40.00 per share. In our view, Sorrento is a unique combination - a firm with a risk-mitigated lead asset that could have a rapid path to commercialization in the U.S. via the 505(b)(2) pathway; a novel pain drug, RTX-100, with applicability in both humans and companion animals; and an industry-leading antibody platform."
Sorrento Therapeutics closed on Tuesday at $8.50.
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