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Taysha Gene Therapies (TSHA) Gets a Buy Rating from William Blair

William Blair analyst Raju Prasad maintained a Buy rating on Taysha Gene Therapies (TSHAResearch Report) yesterday. The company’s shares closed last Tuesday at $16.15, close to its 52-week low of $15.50.

According to TipRanks.com, Prasad is a 4-star analyst with an average return of 6.5% and a 43.1% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Crispr Therapeutics AG, and Rocket Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Taysha Gene Therapies with a $44.14 average price target, implying a 175.9% upside from current levels. In a report issued on October 19, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $39.00 price target.

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Taysha Gene Therapies’ market cap is currently $612.3M and has a P/E ratio of -5.40. The company has a Price to Book ratio of 3.24.

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Taysha Gene Therapies Inc is a patient-centric gene therapy company to eradicate monogenic CNS disease. It is focused on developing and commercializing AAV-based gene therapies for the treatment of monogenic diseases of the CNS in both rare and large patient populations. The company develops and commercializes transformative gene therapy treatments. It is advancing a deep and sustainable product portfolio of 18 gene therapy product candidates, with exclusive options to acquire four additional development programs. Its product candidates include TSHA-101, TSHA-118, TSHA-102, TSHA-103, and TSHA-104.

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