JMP Securities Reaffirms Their Buy Rating on Hookipa Pharma (HOOK)

JMP Securities analyst Roy Buchanan reiterated a Buy rating on Hookipa Pharma (HOOKResearch Report) today and set a price target of $8.00. The company’s shares opened today at $1.19.

Buchanan covers the Healthcare sector, focusing on stocks such as Arbutus Biopharma, Dynavax, and PolyPid. According to TipRanks, Buchanan has an average return of -28.9% and a 25.26% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hookipa Pharma with a $8.75 average price target.

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HOOK market cap is currently $68.38M and has a P/E ratio of -0.65.

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HOOKIPA Pharma, Inc. engages in the development of immunotherapeutics, targeting infectious diseases and cancers based on its proprietary its arenavirus platform that is designed to reprogram the body’s immune system. Its product include VaxWace, a replication-deficient viral vector; and TheraT, a replication-attenuated viral vector, are designed to induce robust antigen specific CD8+ T cells and pathogen-neutralizing antibodies. The company was founded by Rolf Zinkernagel, Andreas Bergthaler, Lukas Flatz, and Daniel Pinschewer in 2011 and is headquartered in New York, NY.

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