Chardan analyst Keay Nakae lowered the firm’s price target on Omega Therapeutics to $6 from $7 and keeps a Buy rating on the shares post the Q2 report. The lower price target reflects a higher projected future share count as modeled future capital raises are expected to be more dilutive due to the decline in share price over the last quarter, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OMGA:
- Omega Therapeutics Reports Second Quarter 2024 Financial Results and Highlights Recent Company Progress
- Omega Therapeutics announces election of Richard Kender to its board
- Omega Therapeutics Announces Election of Richard N. Kender to Board of Directors
- Omega Therapeutics initiated with an Outperform at Raymond James
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue