In a report released today, Thomas Smith from Leerink Partners maintained a Buy rating on Connect Biopharma Holdings (CNTB – Research Report), with a price target of $22.00. The company’s shares closed last Wednesday at $5.00, close to its 52-week low of $4.10.
According to TipRanks.com, Smith has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -18.3% and a 21.4% success rate. Smith covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals, Prometheus Biosciences, and Eledon Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Connect Biopharma Holdings.
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Connect Biopharma Holdings Ltd is a clinical-stage company focused on the discovery and development of next-generation immune modulators for the treatment of serious autoimmune diseases and inflammation. It has leveraged its expertise in the biology of T cell modulation to build a portfolio of drug candidates consisting of small molecules and antibodies targeting critical pathways of inflammation. Its pipeline includes CBP-201, CBP-307, CBP-174, and CBP-233.
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