In a report released yesterday, Kaveri Pohlman from BTIG maintained a Buy rating on Arcus Biosciences (RCUS – Research Report), with a price target of $70.00. The company’s shares opened today at $19.21.
According to TipRanks, Pohlman is an analyst with an average return of -11.6% and a 32.50% success rate. Pohlman covers the Healthcare sector, focusing on stocks such as Arcus Biosciences, Genmab, and Ambrx Biopharma.
Currently, the analyst consensus on Arcus Biosciences is a Strong Buy with an average price target of $45.80.
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Based on Arcus Biosciences’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $32 million and a GAAP net loss of $71 million. In comparison, last year the company earned a revenue of $33 million and had a GAAP net loss of $65 million
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Arcus Biosciences (RCUS) Company Description:
Arcus Biosciences, Inc. engages in the development and commercialization of immunotherapies. The firm compete in the segments of the pharmaceutical, biotechnology and other related markets that develop immunotherapies for the treatment of cancer. The company was founded by Terry J. Rosen and Juan Carlos Jaen in 2015 and is headquartered in Hayward, CA.
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