Atara Biotherapeutics Inc (ATRA): $27 Price Target From JPMorgan

By Amit Chowdhry ● Jan 4, 2022
  • The shares of Atara Biotherapeutics Inc (NASDAQ: ATRA) have received a $27 price target from JPMorgan. These are the details.

The shares of Atara Biotherapeutics Inc (NASDAQ: ATRA) have received a $27 price target from JPMorgan. And JPMorgan analyst Anupam Rama increased the price target on Atara Biotherapeutics from $26 while maintaining an “Overweight” rating on the shares. Rama adjusted the rating following a conversation with the company CEO.

Rama is seeing a $2.5 billion-$3 billion peak worldwide opportunity for ATA188 in the primary and secondary progressive forms of multiple sclerosis. And Rama assumes a potential launch to start in 2027 with the current expectation that a full Phase 3 trial begins in the 2023/2024 timeframe.

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