ProMIS Neurosciences (PMN) Gets a Buy from Maxim Group
In a report released yesterday, Jason McCarthy from Maxim Group maintained a Buy rating on ProMIS Neurosciences, with a price target of $35.00. The company’s shares closed yesterday at $8.13.
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According to TipRanks, McCarthy is an analyst with an average return of -14.0% and a 33.40% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Actinium Pharmaceuticals, Plus Therapeutics, and SCYNEXIS.
Currently, the analyst consensus on ProMIS Neurosciences is a Strong Buy with an average price target of $19.33, which is a 137.76% upside from current levels. In a report released on December 8, H.C. Wainwright also reiterated a Buy rating on the stock with a $18.00 price target.
Based on ProMIS Neurosciences’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $11.58 million. In comparison, last year the company had a net profit of $9.28 million
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