Needham raises Starling Oncology stock price target on growth outlook
Needham raised its price target for Starling Oncology (NASDAQ:STLN) to $9.00, citing growth prospects and a positive outlook from a recent roadshow. The stock has gained 88% year-to-date, with Q2 revenue of $161.3M beating estimates. The company reported its second profitable quarter post-IPO, with revenue up 34.6% year-over-year and adjusted EBITDA turning positive.