First Tracks Biotherapeutics Analysts Increase Their Forecasts After Q2 Results
Avi Kapoor 2 months ago
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TRAX reported narrower Q2 loss of 95 cents per share. Analysts raised price targets for the stock, citing potential for ANB033 in immune diseases.
First Tracks Biotherapeutics Inc (NASDAQ:TRAX) reported a narrower loss for the second quarter on Wednesday.
The company posted quarterly losses of 95 cents per share, versus losses of $1.47 per share in the year-ago period.
“First Tracks continues to execute against a broad development strategy for our potentially best-in-class CD122 antagonist, ANB033, and anticipates treating patients across four indications in 2027. We believe ANB033 is uniquely positioned to deliver differentiated clinical and biological outcomes across multiple immune-mediated diseases,” said Daniel Faga, president and chief executive officer.
First Tracks shares rose 0.1% to $46.16 in pre-market trading
These analysts made changes to their price targets on First Tracks following earnings announcement.
- HC Wainwright & Co. analyst Emily Bodnar maintained the stock with a Buy and raised the price target from $44 to $57.
- Piper Sandler analyst Yasmeen Rahimi maintained the stock with an Overweight rating and raised the price target from $54 to $95.
- Wedbush analyst Martin Fan maintained the stock with an Outperform rating and raised the price target from $60 to $70.
Considering buying TRAX stock? Here’s what analysts think:
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