JonesTrading Reiterates Their Buy Rating on Aileron Therapeutics (ALRN)

By Carrie Williams

JonesTrading analyst Soumit Roy reiterated a Buy rating on Aileron Therapeutics (ALRNResearch Report) today and set a price target of $5.00. The company’s shares closed last Friday at $1.90.

According to TipRanks.com, Roy is a 5-star analyst with an average return of 34.7% and a 55.9% success rate. Roy covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Actinium Pharmaceuticals, and Adaptimmune Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aileron Therapeutics with a $4.00 average price target, implying a 95.1% upside from current levels. In a report issued on October 14, William Blair also maintained a Buy rating on the stock.

See today’s analyst top recommended stocks >>

The company has a one-year high of $2.47 and a one-year low of $0.25. Currently, Aileron Therapeutics has an average volume of 999.5K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Aileron Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of novel class of therapeutics for the treatment of cancer and other diseases. It focuses on its lead products candidate, ALRN-6924 which is a cell-permeating peptide that disrupts the interaction of p53 suppressors MDM2 and MDMX with tumor suppressor p53 to reactivate tumor suppression in non-mutant, or wild-type, p53 cancers. The company was founded by Gregory L. Verdine, Rosana Kapeller, Huw M. Nash, Joseph A. Yanchik III, and Loren David Walensky in June 2005 and is headquartered in Cambridge, MA.