PennyStock101
Long

$XOMA KEEP ON WATCH FOR BREAKOUT

NASDAQ:XOMA   XOMA CORP
Xoma corp has just received some glowing recommendations, one of which is from H.C Wainwright analyst Joseph Pantginis who has a buy rating with a $30 price target. He wrote,
"We reiterate our Buy rating and $30 target. We highlight that we currently omit the 38 undisclosed partnered assets at the company, and look to provide potential contribution once identification and terms are delineated. Further, we do not include valuation contribution from projected cash flow from expected milestone payments from partners. Our clinical NPV model allows us to flex multiple assumptions affecting a drug’s potential commercial profile.”
The recent earnings report surprised many as the company turned a $3.8 million loss in 2018 to a $1.88 million profit in the first quarter, the stock has had a considerable jump in recent days but there is plenty of gains still to be had.

Analyst average rating Overweight
Analysts Price target $27.50
Short Interest 17%

Company Description
XOMA Corp. engages in the discovery and development of innovative therapeutics derived from platform of antibody technologies. Its products includes X358, X213, X129, and gevokizumab.
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