In a report released today, Soumit Roy from JonesTrading reiterated a Buy rating on T2 Biosystems (TTOO – Research Report), with a price target of $1.25. The company’s shares closed last Wednesday at $0.43.
According to TipRanks.com, Roy is a 4-star analyst with an average return of 17.2% and a 33.7% success rate. Roy covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Adaptimmune Therapeutics, and Monopar Therapeutics Inc.
T2 Biosystems has an analyst consensus of Moderate Buy, with a price target consensus of $1.38.
The company has a one-year high of $3.79 and a one-year low of $0.49. Currently, T2 Biosystems has an average volume of 2.48M.
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T2 Biosystems, Inc. engages in the development of proprietary technology platform. It offers the T2 Magnetic Resonance technology which enables rapid detection of pathogens, biomarkers and other abnormalities in a variety of unpurified patient sample types. It products include T2Bacteria Panel, T2Candida Panel, T2Dx Instrument, AND T2MR Technology. The company was founded by Michael J. Cima, Robert S. Langer Jr., Tyler Jacks, Lee Josephson, W. David Lee, and Ralph Weissleder on April 27, 2006 and is headquartered in Lexington, MA.
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