Analysts Offer Insights on Healthcare Companies: Protara Therapeutics (NASDAQ: TARA), Kura Oncology (NASDAQ: KURA) and M3 (Other OTC: MTHRF)Valuation and risks to reaching our price target. Our price target of $23 is based on an equally weighted composite of: (a) $19.32/share, as a 35x multiple of taxed and diluted $1.53 discounted back to and (b) an NPV of $26.0/share (discounted cash flow analysis using a 12.0% discount rate and 2.0% growth rate, in line with the expected discount and growth parameters of an early development-stage biotechnology company). Risks to achieving our price target include regulatory, commercial, clinical development, manufacturing, financial, liability and intellectual property risks. H.C. WAINWRIGHT & CO.