JMP Securities has decided to maintain its Market Outperform rating of Compugen CGEN and lower its price target from $8.00 to $4.00.
Shares of Compugen are trading up 1.37% over the last 24 hours, at $1.48 per share.
A move to $4.00 would account for a 170.27% increase from the current share price.
Compugen Ltd is a clinical-stage therapeutic discovery and development company utilizing its broadly applicable predictive computational discovery capabilities to identify novel drug targets and new biological pathways to develop therapeutics in the field of cancer immunotherapy. Its innovative immuno-oncology pipeline consists of four clinical stage programs, targeting immune checkpoints the company discovered computationally, COM701, COM902, bapotulimab. The company's therapeutic pipeline of early-stage immuno-oncology programs consists of programs aiming to address various mechanisms of immune resistance, including myeloid targets.
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