Coherus BioSciences - CHRS Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coherus BioSciences in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CHRS shares.
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4 brokerages have issued 1 year price objectives for Coherus BioSciences' shares. Their CHRS share price forecasts range from $7.00 to $30.00. On average, they predict the company's share price to reach $16.50 in the next twelve months. This suggests a possible upside of 96.2% from the stock's current price.
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Coherus BioSciences' stock was trading at $7.92 at the beginning of 2023. Since then, CHRS stock has increased by 6.2% and is now trading at $8.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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Coherus BioSciences, Inc. (NASDAQ:CHRS) announced its earnings results on Tuesday, November, 8th. The biotechnology company reported ($1.11) earnings per share for the quarter, missing the consensus estimate of ($0.79) by $0.32. The biotechnology company had revenue of $45.42 million for the quarter, compared to analysts' expectations of $57.23 million. Coherus BioSciences had a negative trailing twelve-month return on equity of 422.10% and a negative net margin of 116.54%.

21 employees have rated Coherus BioSciences Chief Executive Officer Dennis M. Lanfear on Glassdoor.com. Dennis M. Lanfear has an approval rating of 95% among the company's employees. This puts Dennis M. Lanfear in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Coherus BioSciences investors own include Halozyme Therapeutics (HALO), Chembio Diagnostics (CEMI), Exelixis (EXEL), Heron Therapeutics (HRTX), TG Therapeutics (TGTX), Intelsat (I), Idera Pharmaceuticals (IDRA), Immunomedics (IMMU), Sangamo Therapeutics (SGMO) and Viking Therapeutics (VKTX).

Coherus BioSciences trades on the NASDAQ under the ticker symbol "CHRS."

Coherus BioSciences' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (1.44%), Scout Investments Inc. (0.85%), Legato Capital Management LLC (0.08%), Yousif Capital Management LLC (0.05%), Allspring Global Investments Holdings LLC (0.05%) and Comerica Bank (0.05%). Insiders that own company stock include Dennis M Lanfear, James Healy, Jean-Frederic Viret, Mary T Szela, Mats Wahlstrom, Mcdavid Stilwell, Vincent R Anicetti and Vladimir Vexler.
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Shares of CHRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHRS stock can currently be purchased for approximately $8.41.

Coherus BioSciences (NASDAQ:CHRS) has a market capitalization of $654.13 million and generates $326.55 million in revenue each year. The biotechnology company earns $-287,100,000.00 in net income (profit) each year or ($3.60) on an earnings per share basis.

The company employs 332 workers across the globe.

Coherus BioSciences' mailing address is 333 TWIN DOLPHIN DRIVE SUITE 600, REDWOOD CITY CA, 94065. The official website for the company is www.coherus.com. The biotechnology company can be reached via phone at (650) 649-3530 or via email at darrington@coherus.com.