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Kymera Therapeutics (KYMR) Gets a Buy from Credit Suisse

In a report released today, Richard Law CFA from Credit Suisse maintained a Buy rating on Kymera Therapeutics (KYMRResearch Report), with a price target of $61.00. The company’s shares opened today at $31.78.

According to TipRanks, Law CFA is a 2-star analyst with an average return of 0.1% and a 42.86% success rate. Law CFA covers the Healthcare sector, focusing on stocks such as Homology Medicines, Intellia Therapeutics, and Crispr Therapeutics AG.

Kymera Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $56.38, a 77.41% upside from current levels. In a report released today, Berenberg Bank also maintained a Buy rating on the stock with a $68.00 price target.

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KYMR market cap is currently $1.57B and has a P/E ratio of (11.20).

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KYMR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Kymera Therapeutics Inc is a biotechnology company pioneering a transformative new approach to treating previously untreatable diseases. The company is advancing the field of targeted protein degradation, accessing the body’s innate protein recycling machinery to degrade dysregulated, disease-causing proteins. Kymera’s Pegasus targeted protein degradation platform harnesses the body’s natural protein recycling machinery to degrade disease-causing proteins, with a focus on un-drugged nodes in validated pathways currently inaccessible with conventional therapeutics. It is accelerating drug discovery with an unmatched ability to target and degrade the intractable of proteins, and advance new treatment options for patients.

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