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H.C. Wainwright Thinks Applied Genetic Technologies’ Stock is Going to Recover

In a report released today, Joseph Pantginis from H.C. Wainwright reiterated a Buy rating on Applied Genetic Technologies (AGTCResearch Report), with a price target of $24.00. The company’s shares closed last Tuesday at $0.37, close to its 52-week low of $0.35.

According to TipRanks.com, Pantginis is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -29.1% and a 21.1% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Genenta Science SpA Sponsored ADR, Bioline RX Ltd Sponsored ADR, and Lineage Cell Therapeutics.

Currently, the analyst consensus on Applied Genetic Technologies is a Strong Buy with an average price target of $13.00.

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The company has a one-year high of $3.84 and a one-year low of $0.35. Currently, Applied Genetic Technologies has an average volume of 903.2K.

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Applied Genetic Technologies Corp. engages in the development of gene therapy platform to develop transformational genetic therapies for patients suffering from rare and debilitating diseases. It has clinical trials in the field of ophthalmology, optogenetics, adrenoleukodystrophy, and otology. The company was founded by Richard Jude Samulski, Nicholas Muzyczka, William W. Hauswirth, Terence R. Flotte, and Barry J. Byrne on January 19, 1999 and is headquartered in Alachua, FL.

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