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CymaBay Therapeutics (CBAY) Receives a Buy from SVB Securities

In a report released on November 14, Thomas Smith from SVB Securities reiterated a Buy rating on CymaBay Therapeutics (CBAYResearch Report), with a price target of $10.00. The company’s shares closed yesterday at $3.67.

Smith covers the Healthcare sector, focusing on stocks such as Keros Therapeutics, Eledon Pharmaceuticals, and MannKind. According to TipRanks, Smith has an average return of -1.7% and a 42.15% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CymaBay Therapeutics with a $9.00 average price target, representing a 145.23% upside. In a report released yesterday, H.C. Wainwright also maintained a Buy rating on the stock with a $10.00 price target.

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The company has a one-year high of $4.30 and a one-year low of $1.67. Currently, CymaBay Therapeutics has an average volume of 357.6K.

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CymaBay Therapeutics, Inc. is a clinical stage biopharmaceutical company, focused on developing and providing access to therapies for patients with liver and other chronic diseases with high unmet medical need. Its products include MBX-8025 and Arhalofenate, MBX-8025 aims to treat lipid and liver diseases while Arhalofenate intends to reduce gout flares and serum uric acid. The company was founded on October 5, 1988 and is headquartered in Newark, CA.

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