UPDATE: Roth Capital Starts Sorrento Therapeutics (SRNE) at Buy

October 3, 2016 8:08 AM EDT
Get Alerts SRNE Hot Sheet
Price: $5.15 -1.9%

Rating Summary:
    8 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 31 | New: 42
Trade SRNE Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
(Updated - October 3, 2016 9:07 AM EDT)

Roth Capital initiated coverage on Sorrento Therapeutics (NASDAQ: SRNE) with a Buy rating and a price target of $15, implying upside of 93.8%. Analyst Joseph Pantginis sees opportunity to for its businesses to move significantly forward over the next 12 month.

"Sorrento has amassed a broad set of technology platforms, subsidiaries and assets. We believe it is an opportune time to embrace the investment case as the company is positioned to significantly increase focus on its programs as well as continue its efforts to monetize its multiple subsidiaries," said Pantginis.

"Based on the depth of the company's platforms and assets, we believe it is an opportune time to embrace the investment case as the company will significantly increase focus on its programs. In order to further monetize the company’s assets, it will continue to, 1) Link with research collaborations, 2) Provide technology to others to validate candidates in specific geographies and 3) Enter partnerships for candidates where appropriate," added the analyst.

For an analyst ratings summary and ratings history on Sorrento Therapeutics click here. For more ratings news on Sorrento Therapeutics click here.

Shares of Sorrento Therapeutics closed at $7.74 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS View, New Coverage

Related Entities

Roth Capital

Add Your Comment