In a report released on July 7, Puneet Souda from SVB Securities maintained a Buy rating on Castle Biosciences (CSTL – Research Report). The company’s shares closed last Friday at $20.30.
According to TipRanks, Souda is an analyst with an average return of -8.1% and a 37.53% success rate. Souda covers the Healthcare sector, focusing on stocks such as Castle Biosciences, Abcam, and Illumina.
Castle Biosciences has an analyst consensus of Strong Buy, with a price target consensus of $34.00, implying a 67.49% upside from current levels. In a report released on July 7, BTIG also reiterated a Buy rating on the stock with a $30.00 price target.
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CSTL market cap is currently $541.8M and has a P/E ratio of -7.49.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CSTL in relation to earlier this year.
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Castle Biosciences, Inc. is a commercial-stage dermatological cancer company, which engages in the provision of genomic information for physicians and patients. The company offers DecisionDx-Melanoma, a proprietary multi-gene expression profile (GEP) test that predicts the risk of metastasis and recurrence for patients diagnosed with invasive cutaneous melanoma. It also markets DecisionDx-UM, which is a proprietary GEP test that predicts the risk of metastasis for patients with uveal melanoma. The company was founded by Derek J. Maetzold in September 2007 and is headquartered in Friendswood, TX.
Read More on CSTL:
- Castle Biosciences stock up amid ADLT status for DecisionDx-SCC, says KeyBanc
- Castle Bio (NASDAQ:CSTL) Skyrockets after Novitas Drops Key Coverage Proposal
- Lake Street says Castle Biosciences received ‘double-bonus’ from CMS and Novitas
- Castle Biosciences to present new data on its gene expression profile at AHNS
- Castle Biosciences management to meet with BTIG
