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Editas Medicine (EDIT) Gets a Buy Rating from Chardan Capital

In a report released today, Geulah Livshits from Chardan Capital reiterated a Buy rating on Editas Medicine (EDITResearch Report), with a price target of $60.00. The company’s shares closed last Wednesday at $18.69, close to its 52-week low of $9.59.

According to TipRanks.com, Livshits is a 5-star analyst with an average return of 26.2% and a 42.0% success rate. Livshits covers the Healthcare sector, focusing on stocks such as Iovance Biotherapeutics, Rocket Pharmaceuticals, and Crispr Therapeutics AG.

Editas Medicine has an analyst consensus of Hold, with a price target consensus of $21.91, a 24.9% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $33.00 price target.

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The company has a one-year high of $73.03 and a one-year low of $9.59. Currently, Editas Medicine has an average volume of 1.75M.

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Editas Medicine, Inc. engages in the development and commercialization of genome editing technology. Its technology includes clustered, regularly interspaced short palindromic repeats (CRISPR), and CRISPR associated protein 9 (Cas9). The company was founded by Feng Zhang, Jennifer A. Doudna, George McDonald Church, J. Keith Joung and David R. Liu in September 2013 and is headquartered in Cambridge, MA.

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