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Saturday, October 1, 2022

Berenberg Bank Stick to Their Buy Rating for COMPASS Pathways By Investing.com

Berenberg Bank analyst Esther Hong reiterated a Buy rating on COMPASS Pathways on Friday, setting a price target of $50, which is approximately 47.84% above the present share price of $33.82.

Hong expects COMPASS Pathways to post earnings per share (EPS) of -$0.35 for the second quarter of 2021.

The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in COMPASS Pathways, with an average price target of $68.
The analysts price targets range from a high of $80 to a low of $50.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $0 and a net profit of -$12.05 million. The company’s market cap is $1.39 billion.

According to TipRanks.com, Berenberg Bank analyst Esther Hong is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of 0.2% and a 37.50% success rate.

Compass Pathways PLC is a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health. The company is motivated by the need to find better ways to help and empower people suffering with mental health challenges who are not helped by existing therapies, and are pioneering the development of a new model of psilocybin therapy, in which psilocybin is administered in conjunction with psychological support. Its focus is on treatment-resistant depression, or TRD, a subset of depressive disorder, or MDD, comprising patients who are inadequately served by the treatment paradigm. It has developed a proprietary, high-purity polymorphic crystalline formulation of psilocybin, COMP360.

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