UBS Group Raises RAPT Therapeutics (NASDAQ:RAPT) Price Target to $31.00

RAPT Therapeutics (NASDAQ:RAPT) had its target price raised by investment analysts at UBS Group from $26.00 to $31.00 in a note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 24.25% from the company’s current price.

Several other equities research analysts have also commented on RAPT. BMO Capital Markets initiated coverage on shares of RAPT Therapeutics in a research note on Monday, November 25th. They issued an “outperform” rating and a $35.00 price objective for the company. Wells Fargo & Co initiated coverage on RAPT Therapeutics in a report on Monday, November 25th. They issued an “outperform” rating and a $33.00 target price for the company.

RAPT Therapeutics stock opened at $24.95 on Wednesday. RAPT Therapeutics has a fifty-two week low of $11.85 and a fifty-two week high of $42.00.

In related news, major shareholder Group Ii Lp Column acquired 625,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of $14.49 per share, for a total transaction of $9,056,250.00. Also, CEO Brian Russell Wong acquired 25,000 shares of the stock in a transaction on Monday, November 4th. The stock was bought at an average cost of $14.49 per share, for a total transaction of $362,250.00. In the last three months, insiders acquired 651,600 shares of company stock worth $9,441,684.

RAPT Therapeutics Company Profile

RAPT Therapeutics, Inc, a clinical stage immunology-based biopharmaceutical company, focuses on discovering, developing, and commercializing oral small molecule therapies for patients with unmet needs in oncology and inflammatory diseases. The company develops small molecules that are designed to modulate the critical immune responses underlying these diseases.

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