Plus Therapeutics (PSTV) Initiated with a Buy at Maxim Group

Plus Therapeutics (PSTVResearch Report) received a Buy rating and a $6.00 price target from Maxim Group analyst Jason McCarthy yesterday. The company’s shares closed last Friday at $2.68.

According to TipRanks.com, McCarthy is a 5-star analyst with an average return of 25.9% and a 49.0% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Appili Therapeutics Inc Class A, Brainstorm Cell Therapeutics, and SELLAS Life Sciences Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Plus Therapeutics with a $6.00 average price target.

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The company has a one-year high of $3.56 and a one-year low of $0.93. Currently, Plus Therapeutics has an average volume of 971.3K.

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Plus Therapeutics, Inc. is a clinical-stage pharmaceutical company focused on the discovery, development, and manufacturing scale up of complex and innovative treatments for patients battling cancer and other life-threatening diseases. The proprietary nanotechnology platform is currently centered around the enhanced delivery of a variety of drugs using novel liposomal encapsulation technology. Liposomal encapsulation has been extensively explored and undergone significant technical and commercial advances since it was first developed. The lead drug product candidate in pipeline, DocePLUS™, is being developed in the U.S. by a dedicated and energetic team of biologists, chemists, engineers, and other professionals. The company was founded by Ralph E. Holmes and Christopher J. Calhoun in July 1996 and is headquartered in Austin, TX.