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JMP Securities Sticks to Its Buy Rating for Compugen (CGEN)

JMP Securities analyst Reni Benjamin reiterated a Buy rating on Compugen (CGENResearch Report) today and set a price target of $4.00. The company’s shares closed last Friday at $1.02.

According to TipRanks, Benjamin is an analyst with an average return of -10.3% and a 33.50% success rate. Benjamin covers the Healthcare sector, focusing on stocks such as Iovance Biotherapeutics, Spectrum Pharmaceuticals, and Allogene Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Compugen with a $6.00 average price target, which is a 488.24% upside from current levels. In a report released on November 15, Oppenheimer also maintained a Buy rating on the stock with a $8.00 price target.

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CGEN market cap is currently $88.36M and has a P/E ratio of -2.24.

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Compugen Ltd. engages in the research, development, and commercialization of therapeutic and diagnostic biomarker product candidates including proteins and monoclonal antibodies. It focuses its research and development on immuno-oncology and autoimmune diseases. The company was founded by Eli Mintz, Simchon Faigler, and Amir Natan on February 10, 1993 and is headquartered in Holon, Israel.

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