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Galera Therapeutics (GRTX) Gets a Buy from H.C. Wainwright

In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Galera Therapeutics (GRTXResearch Report), with a price target of $10.00. The company’s shares closed yesterday at $1.45.

Selvaraju covers the Healthcare sector, focusing on stocks such as Regulus, Aquestive Therapeutics, and Aeterna Zentaris. According to TipRanks, Selvaraju has an average return of -30.4% and a 23.68% success rate on recommended stocks.

Currently, the analyst consensus on Galera Therapeutics is a Hold with an average price target of $6.00.

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GRTX market cap is currently $38.89M and has a P/E ratio of -0.55.

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Galera Therapeutics, Inc. operates as a clinical-stage biotechnology company. It focuses on the prevention of radiation-induced toxicity, including mucositis and the treatment of fibrosis and cancer. The company was founded by Robert A. Beardsley, Randy W. Weiss, and Dennis P. Riley in 2009 and is headquartered in Malvern, PA.

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