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SVB Securities Reiterates Their Hold Rating on Editas Medicine (EDIT)

In a report issued on August 3, Rick Bienkowski from SVB Securities reiterated a Hold rating on Editas Medicine (EDITResearch Report), with a price target of $27.00. The company’s shares closed last Thursday at $19.15, close to its 52-week low of $9.59.

According to TipRanks.com, Bienkowski is ranked #5806 out of 7991 analysts.

Currently, the analyst consensus on Editas Medicine is a Hold with an average price target of $21.00, representing a 13.3% upside. In a report issued on August 3, Stifel Nicolaus also maintained a Hold rating on the stock with a $17.00 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 1.77M.

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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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