In a report released yesterday, Anthony Vendetti from Maxim Group maintained a Buy rating on Applied DNA Sciences (APDN – Research Report), with a price target of $6.00. The company’s shares closed last Tuesday at $1.40, close to its 52-week low of $1.08.
According to TipRanks.com, Vendetti is a 3-star analyst with an average return of 1.1% and a 34.8% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Guardion Health Sciences, ReShape Lifesciences, and Dermata Therapeutics.
Applied DNA Sciences has an analyst consensus of Moderate Buy, with a price target consensus of $5.00, representing a 233.3% upside. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $4.00 price target.
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Applied DNA Sciences’ market cap is currently $10.48M and has a P/E ratio of -0.75.
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Applied DNA Sciences, Inc. engages in the provision of security solutions. It offers molecular-based technology solutions and services that can help protect products, brands, supply chains, and intellectual property of companies, governments, and consumers from theft, counterfeiting, fraud, and diversion. Its products include the following brands: Applied DNA Sciences, SigNature, molecular tags, SigNature, T molecular tags, fiberTyping, DNAnet, digitalDNA, SigNify, BackTrac, Beacon, and CertainT. The company was founded in 1983 and is headquartered in Stony Brook, NY.
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