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Adicet Bio (ACET) Received its Third Buy in a Row

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After H.C. Wainwright and JMP Securities gave Adicet Bio (NASDAQ: ACET) a Buy rating last month, the company received another Buy, this time from JonesTrading. Analyst Soumit Roy reiterated a Buy rating on Adicet Bio today and set a price target of $33.00. The company’s shares closed last Friday at $9.80.

According to TipRanks.com, Roy is a 5-star analyst with an average return of 20.3% and a 34.6% success rate. Roy covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Adaptimmune Therapeutics, and Actinium Pharmaceuticals.

Adicet Bio has an analyst consensus of Strong Buy, with a price target consensus of $30.75.

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The company has a one-year high of $17.80 and a one-year low of $6.25. Currently, Adicet Bio has an average volume of 109.1K.

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resTORbio, Inc. is a clinical-stage biopharmaceutical company. The firm engages in the development and commercialization of medicines for aging-related diseases and conditions. It offers an immunotherapy under the TORC1 program. The company was founded by Chen Schor and Joan Mannick on July 5, 2016 and is headquartered in Boston, MA.

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