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

In a report released yesterday, Joel Beatty from Robert W. Baird maintained a Buy rating on Editas Medicine (EDITResearch Report), with a price target of $30.00. The company’s shares closed last Thursday at $19.15, close to its 52-week low of $9.59.

According to TipRanks.com, Beatty is a 3-star analyst with an average return of 2.0% and a 47.8% success rate. Beatty covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Ultragenyx Pharmaceutical, and BioMarin Pharmaceutical.

The word on The Street in general, suggests a Hold analyst consensus rating for Editas Medicine with a $21.00 average price target, which is a 13.3% upside from current levels. In a report issued on August 3, Chardan Capital also reiterated a Buy rating on the stock with a $60.00 price target.

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The company has a one-year high of $73.03 and a one-year low of $9.59. Currently, Editas Medicine has an average volume of 1.78M.

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Editas Medicine, Inc. engages in the development and commercialization of genome editing technology. Its technology includes clustered, regularly interspaced short palindromic repeats (CRISPR), and CRISPR associated protein 9 (Cas9). The company was founded by Feng Zhang, Jennifer A. Doudna, George McDonald Church, J. Keith Joung and David R. Liu in September 2013 and is headquartered in Cambridge, MA.

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