Editas Medicine (EDIT) Receives a Hold from RBC Capital

RBC Capital analyst Luca Issi maintained a Hold rating on Editas Medicine (EDITResearch Report) on February 24 and set a price target of $40.00. The company’s shares closed last Friday at $16.90, close to its 52-week low of $13.25.

According to TipRanks.com, Issi has 0 stars on 0-5 stars ranking scale with an average return of -27.4% and a 21.6% success rate. Issi covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Crispr Therapeutics AG, and Ionis Pharmaceuticals.

The word on The Street in general, suggests a Hold analyst consensus rating for Editas Medicine with a $26.75 average price target, implying a 67.8% upside from current levels. In a report issued on February 11, Evercore ISI also downgraded the stock to Hold with a $15.00 price target.

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Editas Medicine’s market cap is currently $1.16B and has a P/E ratio of -5.92.

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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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