
Stifel Nicolaus Initiates a Buy Rating on Gyre Therapeutics (GYRE)
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According to TipRanks, Willey is a 3-star analyst with an average return of 1.5% and a 39.19% success rate. Willey covers the Healthcare sector, focusing on stocks such as Bicara Therapeutics Inc., Exelixis, and Incyte.
Gyre Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $21.00, implying a 175.95% upside from current levels. In a report released on June 18, LifeSci Capital also initiated coverage with a Buy rating on the stock with a $22.00 price target.
Based on Gyre Therapeutics' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $22.06 million and a net profit of $5.54 million. In comparison, last year the company earned a revenue of $27.17 million and had a net profit of $7.53 million
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