tiprankstipranks
Seres Therapeutics price target raised to $13 from $9 at Piper Sandler
The Fly

Seres Therapeutics price target raised to $13 from $9 at Piper Sandler

Piper Sandler analyst Edward Tenthoff raised the firm’s price target on Seres Therapeutics to $13 from $9 and keeps an Overweight rating on the shares. Seres hosted an event outlining the company and partner Nestle’s strategy to market SER-109 for the prevention of recurrent C difficile infection, Tenthoff tells investors in a research note. The analyst remains confident SER-109 could be the first-ever microbiome therapy to gain FDA approval by the April 26 action date based on positive Phase III ECOSPOR data. He now forecasts U.S. SER-109 revenue of $52.7M in 2023, $121M in 2024, growing to $1.9B by 2030.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on MCRB:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles