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Fulcrum Therapeutics (FULC) Gets a Buy Rating from Leerink Partners

Leerink Partners analyst Joseph Schwartz reiterated a Buy rating on Fulcrum Therapeutics (FULCResearch Report) yesterday and set a price target of $37.00. The company’s shares closed last Wednesday at $22.38.

According to TipRanks.com, Schwartz is ranked 0 out of 5 stars with an average return of -2.1% and a 37.3% success rate. Schwartz covers the Healthcare sector, focusing on stocks such as Applied Molecular Transport, Ultragenyx Pharmaceutical, and Mereo Biopharma Group Plc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fulcrum Therapeutics with a $38.33 average price target, which is a 78.3% upside from current levels. In a report issued on March 22, H.C. Wainwright also maintained a Buy rating on the stock with a $40.00 price target.

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Fulcrum Therapeutics’ market cap is currently $874.1M and has a P/E ratio of -9.41.

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Fulcrum Therapeutics, Inc. is a clinical-stage biopharmaceutical company. It develops new medicines and focuses on unlocking gene control mechanisms to develop small molecule therapies. Its product candidate includes Losmapimod and FTX-HbF. The company was founded by Michael R. Green, Danny Reinberg, Rudolf Jaenisch, Jeannie T. Lee, and Bradley E. Bernstein on August 18, 2015 and is headquartered in Cambridge, MA.

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