Needham analyst Chad Messer maintained a Buy rating on Phasebio Pharmaceuticals (PHAS – Research Report) today and set a price target of $16.00. The company’s shares closed last Friday at $2.92, close to its 52-week low of $2.60.
According to TipRanks.com, Messer is a 4-star analyst with an average return of 5.7% and a 42.9% success rate. Messer covers the Healthcare sector, focusing on stocks such as Mereo Biopharma Group Plc, Aeglea Biotherapeutics, and Ionis Pharmaceuticals.
Phasebio Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $14.00, which is a 389.5% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $18.00 price target.
The company has a one-year high of $6.85 and a one-year low of $2.60. Currently, Phasebio Pharmaceuticals has an average volume of 636K.
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PhaseBio Pharmaceuticals, Inc. is engaged in the development and commercialization of biotherapeutics for the treatment of orphan diseases. It focuses on cardiopulmonary disorders. The company was founded by Ashutosh Chilkoti and Clay Bernardin Thorp in January 2002 and is headquartered in Malvern, PA.