Editas Medicine (EDIT) Receives a Hold from Barclays

Barclays analyst Gena Wang maintained a Hold rating on Editas Medicine (EDITResearch Report) on May 4 and set a price target of $16.00. The company’s shares closed last Thursday at $14.56, close to its 52-week low of $12.90.

According to TipRanks.com, Wang is a 5-star analyst with an average return of 14.2% and a 45.9% success rate. Wang covers the Healthcare sector, focusing on stocks such as Crispr Therapeutics AG, Arcturus Therapeutics, and Logicbio Therapeutics.

Currently, the analyst consensus on Editas Medicine is a Hold with an average price target of $23.27, implying a 53.5% upside from current levels. In a report issued on May 4, Stifel Nicolaus also maintained a Hold rating on the stock with a $15.00 price target.

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The company has a one-year high of $73.03 and a one-year low of $12.90. Currently, Editas Medicine has an average volume of 1.69M.

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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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