H.C. Wainwright Reaffirms Their Buy Rating on Wave Life Sciences (WVE)

H.C. Wainwright analyst Andrew Fein reiterated a Buy rating on Wave Life Sciences (WVEResearch Report) today and set a price target of $8.00. The company’s shares closed yesterday at $4.17.

Fein covers the Healthcare sector, focusing on stocks such as Wave Life Sciences, Unity Biotechnology, and Matinas BioPharma. According to TipRanks, Fein has an average return of -11.0% and a 34.58% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wave Life Sciences with a $10.50 average price target, implying a 151.80% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $13.00 price target.

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The company has a one-year high of $5.31 and a one-year low of $1.16. Currently, Wave Life Sciences has an average volume of 317.5K.

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Wave Life Sciences Ltd. is a biotechnology company, which engages in the development of proprietary synthetic chemistry drug. It focuses on the design, development, and commercialization of nucleic acid-based therapeutics. The company was founded by Gregory L. Verdine and Takeshi Wada on July 23, 2012 and is headquartered in Singapore.

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