Sutro Biopharma (STRO) Reiterated at Market Outperform by Citizens: 'Shares Undervalued'

Citizens analyst Reni Benjamin reiterated a Market Outperform rating and $23.00 price target on Sutro Biopharma (NASDAQ: STRO).

The analyst commented, "We reiterate our Market Outperform rating and $23 price target for Sutro Biopharma based on a platform and cash/share value analysis. Yesterday, Sutro reported full-year 2025 financial results, reiterated key milestones, including reporting clinical data for the Phase 1 study of STRO-004 (Tissue Factor [TF] ADC), as well as plans to file an IND for STRO-006 (integrin beta-6 [ITGB-6] ADC) and STRO-227 (PTK7 dual payload ADC) in 2026. Additionally, we learned that partner Astellas has advanced two programs utilizing iADC dual payloads, triggering $17.5MM in milestone payments combined. Taking into account the rapid progress in the clinic, the potential for STRO-004 to report best-in-class efficacy and safety, a growing pipeline of clinical candidates across novel targets, and a solid cash position of $246.6MM (pro forma), we continue to believe that Sutro shares are undervalued at current levels."

For an analyst ratings summary and ratings history on Sutro Biopharma click here. For more ratings news on Sutro Biopharma click here.

Shares of Sutro Biopharma closed at $21.33 yesterday.

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