▲ +93.16% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Cogent Biosciences in the last 3 months. The average price target is $17.50, with a high forecast of $24.00 and a low forecast of $4.00. The average price target represents a 93.16% upside from the last price of $9.06.
The current consensus among 5 contributing investment analysts is to buy stock in Cogent Biosciences.
Cogent Biosciences, Inc., a biotechnology company, focuses on developing precision therapies to treat genetically defined diseases. Its lead product candidate includes CGT9486, a selective tyrosine kinase inhibitor designed to inhibit the KIT D816V mutation that drives systemic mastocytosis, as well as other mutations in KIT exon 17, which are found in patients with advanced gastrointestinal stromal tumors. Cogent Biosciences, Inc. has a licensing agreement with Plexxikon Inc. for the research, development, and commercialization of CGT9486 and CGT0206 inhibitors. The company was formerly known as Unum Therapeutics Inc. and changed its name to Cogent Biosciences, Inc. in October 2020. Cogent Biosciences, Inc. was founded in 2014 and is headquartered in Cambridge, Massachusetts.