Schrodinger initiated with a Neutral at Goldman Sachs

Goldman Sachs analyst Chris Shibutani initiated coverage of Schrodinger with a Neutral rating and $23 price target, implying 12% upside from current levels The company offers a "well-established" industry leading physics-based computational platform, upside from execution delivered by collaboration partners, and an "ambitious though still nascent" early-stage internal pipeline, Shibutani tells investors in a research note. The analyst believes visibility into the growth trajectory of Schrodinger’s software business is needed for an inflection in the stock.