H.C. Wainwright Sticks to Their Buy Rating for ATAI Life Sciences (ATAI)

H.C. Wainwright analyst Patrick Trucchio maintained a Buy rating on ATAI Life Sciences (ATAIResearch Report) today and set a price target of $20.00. The company’s shares closed yesterday at $2.01.

Trucchio covers the Healthcare sector, focusing on stocks such as uniQure, ATAI Life Sciences, and Alnylam Pharma. According to TipRanks, Trucchio has an average return of -13.6% and a 33.83% success rate on recommended stocks.

ATAI Life Sciences has an analyst consensus of Strong Buy, with a price target consensus of $15.33, representing a 662.69% upside. In a report released on January 9, Canaccord Genuity also maintained a Buy rating on the stock with a $11.00 price target.

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Based on ATAI Life Sciences’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $24 thousand and a GAAP net loss of $33.89 million. In comparison, last year the company earned a revenue of $266 thousand and had a GAAP net loss of $31.16 million

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ATAI Life Sciences NV is a clinical-stage biopharmaceutical company aiming to transform the treatment of mental health disorders. Its product candidates include COMP360/Psilocybin therapy, PCN-101/R-ketamine, RL-007/Compound, DMX-1002/Ibogaine, GRX-917/Deuterated etifoxine, VLS-01/DMT, EMP-01/MDMA derivative, RLS-01/Salvinorin A, KUR-101/Deuterated Mitragynine, and DMX-1001/Noribogaine.

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