Syros Pharmaceuticals (SYRS) Gets a Hold Rating from H.C. Wainwright

By Ryan Adsit

In a report released today, Andrew Fein from H.C. Wainwright maintained a Hold rating on Syros Pharmaceuticals (SYRSResearch Report), with a price target of $10. The company’s shares closed yesterday at $7.17.

Fein wrote:

“Our price target of $10/share ($4.0 from tamibarotene + $2.9 from platform + $3.2 in cash) is based on a discounted cash flow analysis (2019-2027) using a 12% discount rate and 1% growth rate, in line with the expected discount and growth parameters of a development-stage oncology company. Risks to our investment thesis and target price include: (1) failure in clinical studies; (2) failure to secure regulatory approval; and (3) smaller than anticipated commercial opportunity due to market size, competition, and pricing.”

According to TipRanks.com, Fein is a 4-star analyst with an average return of 6.0% and a 43.8% success rate. Fein covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals Inc, DBV Technologies SA – American, and Proteostasis Therapeutics Inc.

Currently, the analyst consensus on Syros Pharmaceuticals is a Strong Buy with an average price target of $15.80.

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Based on Syros Pharmaceuticals’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $18.03 million. In comparison, last year the company had a GAAP net loss of $14.46 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is neutral on the stock.

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Syros Pharmaceuticals, Inc. engages in the development of novel gene control therapies for cancer and other diseases. It has developed a proprietary platform that is designed to systematically and efficiently analyse unexploited region of DNA in human disease tissue to identify and drug novel targets linked to genomically defined patient populations.