Spero Therapeutics Inc (SPRO) Receives a Buy from Oppenheimer

By Jason Carr

In a report released today, Jay Olson from Oppenheimer maintained a Buy rating on Spero Therapeutics Inc (SPROResearch Report). The company’s shares closed on Friday at $13.18.

According to TipRanks.com, Olson is ranked 0 out of 5 stars with an average return of -6.1% and a 39.3% success rate. Olson covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals Inc, Conatus Pharmaceuticals, and Enanta Pharmaceuticals.

Spero Therapeutics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $27, a 104.9% upside from current levels. In a report issued on March 14, Cantor Fitzgerald also maintained a Buy rating on the stock with a $27 price target.

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Based on Spero Therapeutics Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $10.6 million. In comparison, last year the company had a GAAP net loss of $13.86 million.

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Spero Therapeutics, Inc. is a clinical-stage biopharmaceutical company which focuses on identifying, developing, and commercializing novel treatments for multi-drug resistant, or MDR, bacterial infections. Its pipeline product candidates include SPR994, SPR741, and SPR206.