Mizuho Securities Thinks Atara Biotherapeutics’ Stock is Going to Recover

In a report released today, Salim Syed from Mizuho Securities maintained a Buy rating on Atara Biotherapeutics (ATRAResearch Report), with a price target of $39.00. The company’s shares closed last Monday at $9.84, close to its 52-week low of $8.24.

According to TipRanks.com, Syed ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -13.8% and a 37.0% success rate. Syed covers the Healthcare sector, focusing on stocks such as Assembly Biosciences, Coherus Biosciences, and Unity Biotechnology.

Currently, the analyst consensus on Atara Biotherapeutics is a Strong Buy with an average price target of $35.80, which is a 275.3% upside from current levels. In a report issued on March 28, J.P. Morgan also maintained a Buy rating on the stock with a $22.00 price target.

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The company has a one-year high of $20.04 and a one-year low of $8.24. Currently, Atara Biotherapeutics has an average volume of 1M.

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Atara Biotherapeutics, Inc. operates as a clinical stage company, which engages in the development of novel therapeutics for patients with cancer, autoimmune, and viral diseases. Its pipeline includes Tab-cel, ATA188, ATA2271/ATA3271, and ATA3219. The company was founded by Isaac E. Ciechanover on August 22, 2012 and is headquartered in South San Francisco, CA.

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