B.Riley Financial analyst Kalpit Patel maintained a Buy rating on Allogene Therapeutics (NASDAQ:ALLO) Inc on Friday, setting a price target of $30, which is approximately 60.69% above the present share price of $18.67.
Patel expects Allogene Therapeutics Inc to post earnings per share (EPS) of -$0.57 for the fourth quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Strong Buy rating of shares in Allogene Therapeutics, with an average price target of $32.42.
The analysts price targets range from a high of $45 to a low of $18.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $49 thousand and a net profit of -$77.67 million. The company's market cap is $2.66 billion.
According to TipRanks.com, B.Riley Financial analyst Kalpit Patel is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -12.5% and a 21.74% success rate.
Allogene Therapeutics, Inc. operates as a clinical stage immuno-oncology company pioneering the development and commercialization of genetically engineered allogeneic T cell therapies for the treatment of cancer. The firm develops a pipeline of off-the-shelf T cell product candidates that are designed to target and kill cancer cells. Its engineered T cells are allogeneic, which are derived from healthy donors for intended use in any patient. The company was founded by Arie S. Belldegrun, David D. Chang, and Joshua A. Kazam in November 2017 and is headquartered in South San Francisco, CA.