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Harpoon Therapeutics (HARP) Receives a Buy from SVB Securities

SVB Securities analyst Jonathan Chang reiterated a Buy rating on Harpoon Therapeutics (HARPResearch Report) on November 14 and set a price target of $4.00. The company’s shares closed yesterday at $0.81.

Chang covers the Healthcare sector, focusing on stocks such as Bicycle Therapeutics, ImmunoGen, and Adaptimmune Therapeutics. According to TipRanks, Chang has an average return of -11.1% and a 32.42% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Harpoon Therapeutics with a $4.63 average price target.

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Based on Harpoon Therapeutics’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.3 million and a GAAP net loss of $17.35 million. In comparison, last year the company earned a revenue of $5.84 million and had a GAAP net loss of $16.76 million

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Harpoon Therapeutics, Inc. is a clinical-stage immunotherapy company, which develops a novel class of T cell engagers that harness the power of the body’s immune system to treat patients suffering from cancer and other diseases. It offers Tri-specific T cell Activating Construct (TriTACs) that focuses on the treatment of solid tumors and hematologic malignancies. The company founded by Patrick A. Baeuerle, Luke B. Evnin, and Jeanmarie Guenot on March 19, 2015 and is headquartered in South San Francisco, CA.

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