Analysts Say Buy the Dip on This New Drug Stock

CNST stock went public just a few weeks back

Aug 13, 2018 at 9:42 AM
facebook X logo linkedin

The shares of Constellation Pharmaceuticals Inc (NASDAQ:CNST) are up 5% to trade at $10.35, after BMO started coverage on the cancer specialist with an "outperform" recommendation and a $19 price target -- a nearly 93% premium to last Friday's close. The analyst in coverage said the stock still has not priced in the full valuation of its myelofibrosis treatment, CPI-0610, and could potentially hit $35 per share once this is realized.

J.P. Morgan Securities and Oppenheimer both took a glass-half-full approach to CNST stock, both initiating coverage with an "outperform" rating and $17 and $21 price targets, respectively. The former brokerage firm said CNST stock's massive drop from its mid-June initial public offering (IPO) has created an "interesting/compelling entry point ahead of more robust proof-of-concept data."

Specifically, Constellation Pharmaceuticals stock went priced its IPO at $15 per share back on July 18, before opening the next day at $11.48. The shares have continued to trend lower since then, bottoming at a record low of $9 one week ago today.

cnst stock daily chart aug 13


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI