Analyst Price Target is $6.00
▲ +189.86% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Otonomy in the last 3 months. The average price target is $6.00, with a high forecast of $0.00 and a low forecast of $0.00. The average price target represents a 189.86% upside from the last price of $2.07.
Current Consensus is
The current consensus among 2 contributing investment analysts is to buy stock in Otonomy. This Buy consensus rating has held steady for over two years.
Otonomy, Inc., a biopharmaceutical company, develops therapeutics for neurotology in the United States. The company offers OTO-313, a sustained-exposure formulation of N-methyl-D-aspartate receptor antagonist gacyclidine, which is in Phase II clinical trials to treat tinnitus; and OTO-413, a sustained-exposure formulation of brain-derived neurotrophic factor that is in Phase IIa clinical trials for the repair of cochlear synaptopathy and the treatment of speech-in-noise hearing difficulties. It also develops OTO-510, an otoprotectant for the prevention of cisplatin-induced hearing loss; OTO-825, a gene therapy for the treatment of congenital hearing loss; and OTO-6XX induces hair cell repair and regeneration for the treatment of severe hearing loss. The company has license agreements with University of California and DURECT Corporation; and strategic collaboration with Applied Genetic Technologies Corporation to develop and commercialize gene therapy for congenital hearing loss. Otonomy, Inc. was incorporated in 2008 and is headquartered in San Diego, California.