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Needham & Co. Reiterates 'Buy' Rating on Cara, Sees 65% Upside

October 4, 2017

 

Yesterday, Needham & Co.'s Alan Carr reiterated a 'buy' rating on shares of Cara Therapeutics, Inc. (NASDAQ:CARA) alongside a price target of $23 per share. With an analyst average price target of $25 per share, Needham's price target is towards the low end of the five analysts we track that cover Cara. With a last trade price of $13.91 for shares of CARA, this price target represents approximately 65% potential upside.

 

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