B.Riley Financial analyst Mayank Mamtani reiterated a Buy rating on Cassava Sciences (NASDAQ:SAVA) on Tuesday, setting a price target of $108, which is approximately 55.62% above the present share price of $69.4.
Mamtani expects Cassava Sciences to post earnings per share (EPS) of -$0.13 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Cassava Sciences, with an average price target of $159.25.
The analysts price targets range from a high of $215 to a low of $108.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $0 and a net profit of -$5.14 million. The company's market cap is $2.78 billion.
According to TipRanks.com, B.Riley Financial analyst Mayank Mamtani is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.5% and a 41.42% success rate.
Cassava Sciences, Inc. engages in the development of novel drugs. It focuses on developing product candidates intended for the treatment of Alzheimer's disease, including PTI-125 and PTI-125Dx. The company was founded by Remi Barbier and Barry M. Sherman in May 1998 and is headquartered in Austin, TX.