ORIC Pharmaceuticals, Inc. (NASDAQ:ORIC) Given Average Recommendation of “Buy” by Brokerages

Shares of ORIC Pharmaceuticals, Inc. (NASDAQ:ORIC – Get Free Report) have been assigned an average rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in [...]

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Shares of ORIC Pharmaceuticals, Inc. ( NASDAQ:ORIC – Get Free Report ) have been assigned an average rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation.

The average twelve-month target price among brokers that have covered the stock in the last year is $18.00. Several research analysts recently issued reports on the company.



Stifel Nicolaus initiated coverage on ORIC Pharmaceuticals in a research note on Friday. They issued a “buy” rating and a $20.00 price objective on the stock.

Wedbush reiterated an “outperform” rating and issued a $20.00 price target on shares of ORIC Pharmaceuticals in a report on Monday, August 12th. HC Wainwright reissued a “buy” rating and set a $21.

00 price target on shares of ORIC Pharmaceuticals in a research report on Wednesday, August 14th. Cantor Fitzgerald restated an “overweight” rating on shares of ORIC Pharmaceuticals in a research note on Thursday, June 20th. Finally, Oppenheimer lowered their price target on ORIC Pharmaceuticals from $17.

00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. View Our Latest Analysis on ORIC Pharmaceuticals Hedge Funds Weigh In On ORIC Pharmaceuticals ORIC Pharmaceuticals Price Performance Shares of ORIC opened at $9.

65 on Monday. ORIC Pharmaceuticals has a 1 year low of $5.27 and a 1 year high of $16.

65. The stock has a market capitalization of $650.62 million, a price-to-earnings ratio of -5.

36 and a beta of 1.12. The business’s 50 day simple moving average is $9.

72 and its 200-day simple moving average is $10.15. ORIC Pharmaceuticals ( NASDAQ:ORIC – Get Free Report ) last released its earnings results on Monday, August 12th.

The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.

03). On average, sell-side analysts expect that ORIC Pharmaceuticals will post -1.78 earnings per share for the current year.

About ORIC Pharmaceuticals ( Get Free Report ORIC Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, engages in the discovery and development of therapies for treatment of cancers in the United States. Its clinical stage product candidates include ORIC-114, a brain penetrant orally bioavailable irreversible inhibitor, currently under Phase 1b study, which is designed to selectively target epidermal growth factor receptor and human epidermal growth factor receptor 2 with high potency towards exon 20 insertion mutations; ORIC-944, an allosteric inhibitor of the polycomb repressive complex 2 for prostate cancer, currently under Phase 1b study; and ORIC-533, an orally bioavailable small molecule inhibitor of CD73, currently under Phase 1b study, being developed for resistance to chemotherapy- and immunotherapy-based treatment regimens. Featured Stories Receive News & Ratings for ORIC Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ORIC Pharmaceuticals and related companies with MarketBeat.

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