Robert W. Baird Thinks Atreca’s Stock is Going to Recover

In a report issued on June 1, Joel Beatty from Robert W. Baird maintained a Buy rating on Atreca (BCELResearch Report), with a price target of $9.00. The company’s shares closed last Thursday at $1.56, close to its 52-week low of $1.52.

According to, Beatty is a 1-star analyst with an average return of -1.1% and a 41.0% success rate. Beatty covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Arrowhead Pharmaceuticals, and BioMarin Pharmaceutical.

Currently, the analyst consensus on Atreca is a Strong Buy with an average price target of $17.40, implying a 1001.3% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $25.00 price target.

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Atreca’s market cap is currently $61.36M and has a P/E ratio of -0.55.

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Atreca, Inc. is a biopharmaceutical company. It develops novel therapeutics and immunotherapies based on a deep understanding of the human immune response. Its technology leverages next-generation sequencing to identify the set of functional antibodies produced in patients during an immune response. The company was founded by Robert Axtell, Guy Cavet, Jeremy Sokolove, Tito A. Serafini, Paulette A. Dillon, Daniel Emerling, Wayne Volkmuth, Jonathan Woo, Yann Chong Tan, William H. Robinson and Lawrence J. Steinman in June 11, 2010 and is headquartered in Redwood, CA.

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