JMP Securities Thinks Morphosys Ag’s Stock is Going to Recover

In a report released today, Jason Butler from JMP Securities reiterated a Buy rating on Morphosys Ag (MORResearch Report), with a price target of $32.00. The company’s shares closed last Thursday at $5.68, close to its 52-week low of $4.35.

According to TipRanks.com, Butler has 0 stars on 0-5 stars ranking scale with an average return of -8.8% and a 39.6% success rate. Butler covers the Healthcare sector, focusing on stocks such as Applied Molecular Transport, ACADIA Pharmaceuticals, and Aquestive Therapeutics.

Currently, the analyst consensus on Morphosys Ag is a Moderate Buy with an average price target of $17.00.

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The company has a one-year high of $15.16 and a one-year low of $4.35. Currently, Morphosys Ag has an average volume of 62.4K.

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MorphoSys AG engages in the development of antibodies for therapeutic, diagnostics, and research applications. It operates through the Proprietary Development and Partnered Discovery segments. The Proprietary Development segment combines proprietary research and development of therapeutic compounds. The Partnered Discovery segment offers technologies to make human antibody-based therapeutics on behalf of partners in the pharmaceutical industry. The company was founded by Andreas Pluckthun and Simon E. Moroney in July 1992 and is headquartered in Planegg, Germany.

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