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Adaptimmune Therapeutics (ADAP) Receives a Hold from SVB Securities

SVB Securities analyst Jonathan Chang maintained a Hold rating on Adaptimmune Therapeutics (ADAPResearch Report) today and set a price target of $3.00. The company’s shares closed last Monday at $1.54.

According to TipRanks.com, Chang is ranked 0 out of 5 stars with an average return of -21.4% and a 17.7% success rate. Chang covers the Healthcare sector, focusing on stocks such as Karyopharm Therapeutics, Mersana Therapeutics, and Bicycle Therapeutics.

Adaptimmune Therapeutics has an analyst consensus of Hold, with a price target consensus of $5.25, which is a 200.0% upside from current levels. In a report released today, Mizuho Securities also maintained a Hold rating on the stock with a $9.00 price target.

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The company has a one-year high of $6.86 and a one-year low of $1.65. Currently, Adaptimmune Therapeutics has an average volume of 1.02M.

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Adaptimmune Therapeutics Plc engages in the development of novel cancer immunotherapy products. Its specific peptide enhanced affinity receptor platform enables the engineering of T-cells to target and destroy cancer, including solid tumors. The company was founded by Bent K. Jakobsen, James Julian Noble, and Helena Katrina Tayton-Martin in 2008 and is headquartered in Abingdon, the United Kingdom.

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