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H.C. Wainwright Maintains Their Buy Rating on Sutro Biopharma (STRO)

H.C. Wainwright analyst Andrew Fein maintained a Buy rating on Sutro Biopharma (STROResearch Report) today and set a price target of $30.00. The company’s shares closed last Wednesday at $6.14, close to its 52-week low of $3.33.

According to TipRanks.com, Fein has 0 stars on 0-5 stars ranking scale with an average return of -13.1% and a 35.1% success rate. Fein covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Amylyx Pharmaceuticals Inc, and Global Blood Therapeutics.

Sutro Biopharma has an analyst consensus of Strong Buy, with a price target consensus of $25.00, implying a 325.2% upside from current levels. In a report issued on July 6, JMP Securities also reiterated a Buy rating on the stock with a $20.00 price target.

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Sutro Biopharma’s market cap is currently $288.2M and has a P/E ratio of -2.49.

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Sutro Biopharma Inc. engages in the drug discovery, development and manufacturing of pharmaceutical products. Its products technologies include XpressCF, anti-body drug conjugates, bispecifics & engineered antibodies and cGMP facility. The company was founded by James R. Swartz and Sutanto Widjaja in June 2003 and is headquartered in South San Francisco, CA.

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