Tectonic Therapeutic (NASDAQ:TECX) Upgraded to “Strong-Buy” at Leerink Partnrs

Leerink Partnrs upgraded shares of Tectonic Therapeutic (NASDAQ:TECX) to a strong-buy rating in a research report report published on Wednesday morning, Zacks.com reports. Leerink Partnrs also issued estimates for Tectonic Therapeutic’s Q3 2024 earnings at ($0.50) EPS, Q4 2024 earnings at ($0.53) EPS, FY2024 earnings at ($3.49) EPS, Q1 2025 earnings at ($0.73) EPS, Q2 2025 earnings at ($0.72) EPS, Q3 2025 earnings at ($0.90) EPS, Q4 2025 earnings at ($1.01) EPS, FY2025 earnings at ($3.36) EPS, FY2026 earnings at ($2.62) EPS, FY2027 earnings at ($3.82) EPS and FY2028 earnings at ($3.99) EPS.

Other equities analysts have also recently issued reports about the company. TD Cowen began coverage on Tectonic Therapeutic in a report on Monday, June 24th. They issued a buy rating on the stock. SVB Leerink started coverage on shares of Tectonic Therapeutic in a research report on Wednesday. They issued an outperform rating and a $49.00 price target on the stock. Finally, Piper Sandler assumed coverage on Tectonic Therapeutic in a report on Wednesday, June 26th. They set an overweight rating and a $76.00 price objective for the company.

Tectonic Therapeutic Stock Performance

NASDAQ TECX opened at $17.64 on Wednesday. Tectonic Therapeutic has a twelve month low of $12.12 and a twelve month high of $19.80. The firm has a market cap of $791.86 million, a P/E ratio of 25.57 and a beta of 2.63.

Tectonic Therapeutic (NASDAQ:TECX) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter. On average, analysts forecast that Tectonic Therapeutic will post -4.24 earnings per share for the current fiscal year.

Tectonic Therapeutic Company Profile

Avrobio, Inc is a bio-technology company. It develops step-change cell and gene therapies for the treatment of cancer and rare disease. The company operates primarily in the United States and Canada. Avrobio, Inc is based in MA, United States.