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Sutro Biopharma (STRO) Receives a Buy from JMP Securities

JMP Securities analyst Reni Benjamin reiterated a Buy rating on Sutro Biopharma (STROResearch Report) today and set a price target of $20.00. The company’s shares closed last Thursday at $6.37, close to its 52-week low of $3.33.

According to TipRanks.com, Benjamin is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.6% and a 36.7% success rate. Benjamin covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Spectrum Pharmaceuticals, and Iovance Biotherapeutics.

Currently, the analyst consensus on Sutro Biopharma is a Strong Buy with an average price target of $26.67, a 336.5% upside from current levels. In a report released yesterday, H.C. Wainwright also maintained a Buy rating on the stock with a $30.00 price target.

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Sutro Biopharma’s market cap is currently $288.2M and has a P/E ratio of -2.49.

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Sutro Biopharma Inc. engages in the drug discovery, development and manufacturing of pharmaceutical products. Its products technologies include XpressCF, anti-body drug conjugates, bispecifics & engineered antibodies and cGMP facility. The company was founded by James R. Swartz and Sutanto Widjaja in June 2003 and is headquartered in South San Francisco, CA.

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