Analysts Set $19.33 Price Target for Aileron Therapeutics Inc (ALRN)
Shares of Aileron Therapeutics Inc (NASDAQ:ALRN) have received an average broker rating score of 1.00 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price objective of $19.33 for the company, according to Zacks. Zacks has also given Aileron Therapeutics an industry rank of 108 out of 265 based on the ratings given to its competitors.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC acquired a new stake in shares of Aileron Therapeutics in the 2nd quarter worth about $2,788,000. Goldman Sachs Group Inc. acquired a new stake in shares of Aileron Therapeutics in the 2nd quarter worth about $418,000. Sphera Funds Management LTD. acquired a new stake in shares of Aileron Therapeutics in the 2nd quarter worth about $1,394,000. Neuberger Berman Group LLC acquired a new stake in shares of Aileron Therapeutics in the 2nd quarter worth about $279,000. Finally, Nexthera Capital LP acquired a new stake in shares of Aileron Therapeutics in the 2nd quarter worth about $1,272,000. Institutional investors own 7.64% of the company’s stock.
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Aileron Therapeutics Company Profile
Aileron Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is focused on developing and commercializing a class of therapeutics called stapled peptides. It is also developing a pipeline of stapled peptide drugs across a range of therapeutic areas, including cancer, endocrine and metabolic diseases and inflammation.
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