Matthew Cross, analyst at Alliance Global Partners, reiterates coverage on TRACON Pharmaceuticals, Inc. (TCON) in the Healthcare sector with a Buy rating. TipRanks.com has Cross rated as a 4 star analyst with a 15.00% return on investment and a 42.00% success rate. Cross has set a price target of $13.00.
TipRanks.com reports that TCON currently has 5 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $16.00. The target pricing ranges from a high forecast of $24.00 down to a low forecast of $12.00.
TCON’s last closing price was $5.90 which would put the average price target at 171.19% upside.
In addition, TradingView issued a Sell rating for TCON over the next month.
Remember, securities are volatile, so please do your own research on TCON.
Other analysts covering TCON include:
- Edard White of H C Wainwright issued a buy rate with the price target of $12 on June 1st
- Soumit Roy of JonesTrading issued a buy rate with the price target of $17 on June 1st
- Jason McCarthy of Maxim Group issued a buy rate with the price target of $24 in May
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