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Oppenheimer Sticks to Its Buy Rating for Oric Pharmaceuticals (ORIC)

In a report released today, Matthew Biegler from Oppenheimer maintained a Buy rating on Oric Pharmaceuticals (ORICResearch Report), with a price target of $15.00. The company’s shares closed yesterday at $10.26.

Biegler covers the Healthcare sector, focusing on stocks such as Tyra Bioscience, Regeneron, and IDEAYA Biosciences. According to TipRanks, Biegler has an average return of -1.2% and a 35.51% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Oric Pharmaceuticals with a $18.83 average price target, an 83.53% upside from current levels. In a report released yesterday, JonesTrading also maintained a Buy rating on the stock with a $17.00 price target.

ORIC market cap is currently $723.8M and has a P/E ratio of -5.82.

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Oric Pharmaceuticals (ORIC) Company Description:

ORIC Pharmaceuticals Inc is a clinical-stage biopharmaceutical company. It has a pipeline of therapies designed to counter resistance mechanisms in cancer by leveraging its expertise within three specific areas: hormone-dependent cancers, precision oncology, and key tumor dependencies. The company has product candidates namely, ORIC-101 and ORIC-533.

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