Credit Suisse (SIX:CSGN) analyst Evan Seigerman maintained a Buy rating on Mirati Therapeutics (NASDAQ:MRTX) on Wednesday, setting a price target of $135, which is approximately 12.14% above the present share price of $120.39.
Seigerman expects Mirati Therapeutics to post earnings per share (EPS) of -$2.02 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Mirati Therapeutics, with an average price target of $121.8.
The analysts price targets range from a high of $135 to a low of $105.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $267 thousand and a net profit of -$89.49 million. The company's market cap is $5.2 billion.
According to TipRanks.com, Credit Suisse analyst Evan Seigerman is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.7% and a 71.74% success rate.
Mirati Therapeutics, Inc. is a clinical-stage oncology company. The firm engages in developing a pipeline of oncology products to treat genetic, immunological and epigenetic drivers of cancer in subsets of cancer patients. Its clinical pipeline consists of glesatinib, sitravatinib and mocetinostat. The company was founded on December 13, 1995 and is headquartered in San Diego, CA.