Evercore analyst Liisa Bayko upgrades $Editas Medicine (EDIT.US)$ to a buy rating, and maintains the target price at $7.
According to TipRanks data, the analyst has a success rate of 45.8% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Editas Medicine (EDIT.US)$'s main analysts recently are as follows:
The company's third-quarter outcomes were supplementary to the earlier strategic update, according to the analyst.
The primary discussion among investors regarding Editas Medicine centers on determining if the company's new strategy represents progress or a regression. However, it is believed that reni-cel for sickle cell disease and transfusion-dependent thalassemia stands as a de-risked asset with potential for monetization. This asset also provides crucial insights that could be advantageous as management deliberates future approaches for their in vivo candidate.
Editas Medicine's emphasis on in vivo HSPC editing is still viewed as a strategic and efficient allocation of its expertise and resources to generate value. Anticipation is building for the forthcoming in vivo pipeline updates anticipated in the first quarter of 2025, along with further developments on reni-cel BD activity.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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