tiprankstipranks
Blurbs

RBC Capital Thinks Pliant Therapeutics’ Stock is Going to Recover

In a report issued on June 24, Brian Abrahams from RBC Capital maintained a Buy rating on Pliant Therapeutics (PLRXResearch Report), with a price target of $35.00. The company’s shares closed last Tuesday at $7.66, close to its 52-week low of $3.97.

According to TipRanks.com, Abrahams is a 1-star analyst with an average return of -1.5% and a 45.2% success rate. Abrahams covers the Healthcare sector, focusing on stocks such as Intra-Cellular Therapies, Karyopharm Therapeutics, and Vertex Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pliant Therapeutics with a $35.00 average price target, a 300.9% upside from current levels. In a report issued on June 17, H.C. Wainwright also maintained a Buy rating on the stock with a $45.00 price target.

See the top stocks recommended by analysts >>

Based on Pliant Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.25 million and GAAP net loss of $28.1 million. In comparison, last year the company earned revenue of $2.17 million and had a GAAP net loss of $22.86 million.

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.

Pliant Therapeutics Inc is a clinical stage biopharmaceutical company focused on discovering and developing novel therapies for the treatment of fibrosis. Its lead product candidate, PLN-74809, is an oral small-molecule dual that helps in the treatment of idiopathic pulmonary fibrosis.

Read More on PLRX:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More