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Kura Oncology (KURA) Gets a Buy Rating from H.C. Wainwright

H.C. Wainwright analyst Joseph Pantginis initiated coverage with a Buy rating on Kura Oncology (KURAResearch Report) today and set a price target of $32.00. The company’s shares closed last Friday at $16.25.

According to TipRanks.com, Pantginis has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -21.2% and a 27.3% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Lineage Cell Therapeutics, and Actinium Pharmaceuticals.

Kura Oncology has an analyst consensus of Strong Buy, with a price target consensus of $33.33, which is a 101.1% upside from current levels. In a report issued on April 9, Brookline Capital Markets also maintained a Buy rating on the stock with a $56.00 price target.

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The company has a one-year high of $30.37 and a one-year low of $11.49. Currently, Kura Oncology has an average volume of 865.1K.

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Kura Oncology, Inc. operates as a clinical-stage biopharmaceutical company which engages in the research and development of medicines for the treatment of cancer. Its pipeline includes Tipifarnib which is a Farnesyl transferase inhibitor for HRAS Mutant Solid Tumors, Chronic Myelomonocytic Leukemia; KO-947 which is an ERK inhibitor for MAPK Pathway Tumors; and KO-539 which is a Menin MLL inhibitor for acute leukemias. The company was founded by Troy E. Wilson, Yi Liu, Pingda Ren and Antonio Gualberto on August 22, 2014 and is headquartered in La Jolla, CA.

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