The consensus price target hints at a 67% upside potential for Foghorn Therapeutics (FHTX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Does Foghorn Therapeutics Inc. (FHTX) have what it takes to be a top stock pick for momentum investors? Let's find out.
The mean of analysts' price targets for Foghorn Therapeutics (FHTX) points to an 88.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 34 | $163 | $165.92 | $2.92 | 1.79% |
| NA Nizar Araji National Bank Of Canada /FI/ | 200 | $1,080 | $1,214 | $134 | 12.41% |
Joseph Castro Nuveen LLC | 65,039 | $255,701.58 | $405,843.36 | $150,141.78 | 58.72% |
Li Peng China Universal Asset Management Co. Ltd. | 9,344 | $44,173.74 | $42,328.32 | -$1,845.42 | -4.18% |
Hui Fai Tam Caitong International Asset Management Co. Ltd. | 17 | $83 | $82.96 | -$0.04 | -0.05% |
| Biotechnology Industry | Healthcare Sector | Adrian H. Gottschalk CEO | NASDAQ (NMS) Exchange | 344174107 CUSIP |
| US Country | 106 Employees | - Last Dividend | - Last Split | 23 Oct 2020 IPO Date |
Foghorn Therapeutics Inc. is a clinical-stage biopharmaceutical company based in Cambridge, Massachusetts, United States. Established in 2015, the company focuses on the discovery and development of innovative medicines that target genetically determined dependencies within the chromatin regulatory system. By leveraging its proprietary Gene Traffic Control platform, Foghorn Therapeutics endeavors to identify, validate, and potentially drug targets that are integral to this system. The company has formed strategic collaborations with industry giants like Merck Sharp & Dohme Corp. and Eli Lilly and Company, aiming to advance its pipeline and bring novel oncology therapeutics to market.
Foghorn Therapeutics Inc. is currently developing a range of promising drugs and therapies targeting various forms of cancer, utilizing its novel approach towards understanding and manipulating the chromatin regulatory system: