Cantor Fitzgerald Analysts Give Spero Therapeutics (SPRO) a $27.00 Price Target

Spero Therapeutics (NASDAQ:SPRO) has been given a $27.00 price objective by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 80.36% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Oppenheimer set a $30.00 target price on Spero Therapeutics and gave the stock a “buy” rating in a research note on Tuesday, April 3rd. Zacks Investment Research raised Spero Therapeutics from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, January 30th. Finally, ValuEngine raised Spero Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Spero Therapeutics currently has an average rating of “Hold” and an average price target of $24.25.

Spero Therapeutics stock traded down $0.02 during trading on Thursday, reaching $14.97. 1,536 shares of the company were exchanged, compared to its average volume of 31,746. Spero Therapeutics has a 52-week low of $9.66 and a 52-week high of $15.40. The company has a market cap of $212.66 and a price-to-earnings ratio of -0.84.



Spero Therapeutics (NASDAQ:SPRO) last announced its quarterly earnings data on Monday, April 2nd. The company reported ($1.59) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.77) by $0.18. The company had revenue of $0.99 million for the quarter, compared to analysts’ expectations of $0.40 million. equities analysts predict that Spero Therapeutics will post -4.94 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. TIAA CREF Investment Management LLC acquired a new stake in Spero Therapeutics during the fourth quarter worth $103,000. California State Teachers Retirement System acquired a new stake in Spero Therapeutics during the fourth quarter worth $112,000. Dean Capital Investments Management LLC acquired a new stake in Spero Therapeutics during the fourth quarter worth $118,000. Deutsche Bank AG acquired a new stake in Spero Therapeutics during the fourth quarter worth $155,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Spero Therapeutics in the fourth quarter valued at $294,000. 46.28% of the stock is owned by institutional investors.

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About Spero Therapeutics

Spero Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on identifying, developing, and commercializing novel treatments for multi-drug resistant (MDR) bacterial infections in the United States. It is developing SPR994, an oral carbapenem-class antibiotic for use in adults to treat MDR gram-negative infections; SPR741 that has completed Phase I clinical trial to treat MDR gram-negative infections in the hospital setting; SPR206, an agent that is in preclinical development stage to disrupt the outer membrane of gram-negative bacteria; and SPR720, an oral antibiotic that is in preclinical development stage for the treatment of pulmonary non-tuberculous mycobacterial infections.

Analyst Recommendations for Spero Therapeutics (NASDAQ:SPRO)

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