Sutro Biopharma Inc (STRO) Receives a Buy from Cowen & Co.

By Austin Angelo

In a report released yesterday, Boris Peaker from Cowen & Co. maintained a Buy rating on Sutro Biopharma Inc (STROResearch Report). The company’s shares closed on Friday at $11.20.

According to, Peaker is a 3-star analyst with an average return of 2.6% and a 41.2% success rate. Peaker covers the Healthcare sector, focusing on stocks such as Iovance Biotherapeutics Inc, Stemline Therapeutics Inc, and Mersana Therapeutics Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sutro Biopharma Inc with a $20 average price target.

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Based on Sutro Biopharma Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $14.25 million. In comparison, last year the company had a GAAP net loss of $1.42 million.

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Sutro Biopharma Inc. engages in the drug discovery, development and manufacturing of pharmaceutical products. Its products technologies include XpressCF, anti-body drug conjugates, bispecifics & engineered antibodies and cGMP facility. The company was founded by James R. Swartz and Sutanto Widjaja in June 2003 and is headquartered in South San Francisco, CA.