Crispr Therapeutics AG (CRSP) Received its Third Buy in a Row

After William Blair and Piper Sandler gave Crispr Therapeutics AG (NASDAQ: CRSP) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Silvan Tuerkcan maintained a Buy rating on Crispr Therapeutics AG today and set a price target of $80.00. The company’s shares closed last Thursday at $55.88.

According to TipRanks.com, Tuerkcan is a 5-star analyst with an average return of 46.1% and a 82.8% success rate. Tuerkcan covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals, Intellia Therapeutics, and Seattle Genetics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crispr Therapeutics AG with a $71.83 average price target, which is a 27.0% upside from current levels. In a report issued on April 29, Needham also assigned a Buy rating to the stock with a $84.00 price target.

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Crispr Therapeutics AG’s market cap is currently $3.5B and has a P/E ratio of 78.40. The company has a Price to Book ratio of 4.10.

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CRISPR Therapeutics AG engages in the development and commercialization of therapies derived from genome-editing technology. Its proprietary platform CRISPR/Cas9-based therapeutics allows for precise and directed changes to genomic DNA. The company was founded by Rodger Novak, Emmanuelle Charpentier, Shaun Patrick Foy, Matthew Porteus, Daniel Anderson, Chad Cowan and Craig Mellow in 2014 and is headquartered in Zug, Switzerland.