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Aridis Pharmaceuticals (ARDS) Gets a Buy Rating from H.C. Wainwright

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In a report released today, Vernon Bernardino from H.C. Wainwright reiterated a Buy rating on Aridis Pharmaceuticals (ARDSResearch Report), with a price target of $19.00. The company’s shares closed last Thursday at $2.80.

According to TipRanks.com, Bernardino is a 5-star analyst with an average return of 28.1% and a 36.1% success rate. Bernardino covers the Healthcare sector, focusing on stocks such as Eledon Pharmaceuticals, Citius Pharmaceuticals, and Achieve Life Sciences.

Aridis Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $16.67.

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Based on Aridis Pharmaceuticals’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $515K and GAAP net loss of $21 million. In comparison, last year the company had a GAAP net loss of $5.79 million.

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Aridis Pharmaceuticals, Inc. engages in the discovery and development of targeted immunotherapy using fully human monoclonal antibodies, or mAbs, to treat life-threatening infections. Its products include AR-301, AR-105, AR-101, AR-401, AR-201, and AR-501. The company was founded by Eric J. Patzer and Vu L. Truong in 2003 and is headquartered in San Jose, CA.

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