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SVB Securities Remains a Buy on Celldex (CLDX)

SVB Securities analyst Thomas Smith maintained a Buy rating on Celldex (CLDXResearch Report) today and set a price target of $64.00. The company’s shares closed yesterday at $37.47.

According to TipRanks, Smith is an analyst with an average return of -13.3% and a 33.17% success rate. Smith covers the Healthcare sector, focusing on stocks such as Prometheus Biosciences, Celldex, and MannKind.

Celldex has an analyst consensus of Strong Buy, with a price target consensus of $65.50, which is a 74.81% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $73.00 price target.

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Based on Celldex’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $174 thousand and a GAAP net loss of $23.05 million. In comparison, last year the company earned revenue of $685 thousand and had a GAAP net loss of $16.54 million

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Celldex Therapeutics, Inc. engages in the research, development, and commercialization of immunotherapies and other targeted biologics. Its drug candidates have the ability to engage the human immune system and directly inhibit tumors to treat specific types of cancer and other diseases. Its pipeline includes Varlilumab, CDX-1140, and CDX-301, and CDX-3379. The company was founded by Anthony S. Marucci and Tibor Keler in 1983 and is headquartered in Hampton, NJ.

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