H.C. Wainwright analyst Swayampakula Ramakanth reiterated a Buy rating on Ocugen (NASDAQ:OCGN) Inc on Wednesday, setting a price target of $10, which is approximately 13.38% above the present share price of $8.82.
Ramakanth expects Ocugen Inc 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 Moderate Buy rating of shares in Ocugen, with an average price target of $8.75.
The analysts price targets range from a high of $15 to a low of $4.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $0 and a net profit of -$25.61 million. The company's market cap is $1.76 billion.
According to TipRanks.com, H.C. Wainwright analyst Swayampakula Ramakanth is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.2% and a 49.78% success rate.
Ocugen, Inc. engages in the development and commercialization of therapies for eye diseases. Its pipeline of therapies includes OCU400, OCU410, OCU200, OCU100, and OCU300. The company was founded by Shankar Musunuri and Uday Kompella in 2013 and is headquartered in Malvern, PA.