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H.C. Wainwright Sticks to Their Buy Rating for Zymeworks (ZYME)

Tipranks - Tipranks - Tue Jun 23, 5:55AM CDT

H.C. Wainwright analyst Robert Burns reiterated a Buy rating on Zymeworks today and set a price target of $46.00.

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Burns covers the Healthcare sector, focusing on stocks such as Zymeworks, Caribou Biosciences, and Cardiff Oncology. According to TipRanks, Burns has an average return of 20.6% and a 47.47% success rate on recommended stocks.

Currently, the analyst consensus on Zymeworks is a Strong Buy with an average price target of $38.71.

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Based on Zymeworks’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.41 million and a GAAP net loss of $44.16 million. In comparison, last year the company earned a revenue of $27.11 million and had a GAAP net loss of $22.64 million

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