SpringWorks Therapeutics (NASDAQ:SWTX) Earns Buy Rating from Analysts at Goldman Sachs Group

Goldman Sachs Group began coverage on shares of SpringWorks Therapeutics (NASDAQ:SWTX) in a research report report published on Tuesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $37.00 target price on the stock.

A number of other research firms have also recently issued reports on SWTX. Cowen started coverage on SpringWorks Therapeutics in a research report on Tuesday. They issued an outperform rating on the stock. JPMorgan Chase & Co. started coverage on SpringWorks Therapeutics in a research report on Tuesday. They issued an overweight rating and a $32.00 target price on the stock. Finally, Wedbush started coverage on SpringWorks Therapeutics in a research report on Tuesday. They issued an outperform rating and a $33.00 target price on the stock.

SpringWorks Therapeutics stock opened at $18.96 on Tuesday. SpringWorks Therapeutics has a 12-month low of $17.66 and a 12-month high of $28.62.

In other news, Director Stephen P. Squinto purchased 275,000 shares of SpringWorks Therapeutics stock in a transaction dated Tuesday, September 17th. The shares were bought at an average cost of $18.00 per share, for a total transaction of $4,950,000.00. Also, major shareholder Bain Capital Life Sciences Inv purchased 150,000 shares of SpringWorks Therapeutics stock in a transaction dated Tuesday, September 17th. The shares were purchased at an average price of $18.00 per share, for a total transaction of $2,700,000.00.

SpringWorks Therapeutics Company Profile

SpringWorks Therapeutics, Inc, a clinical-stage biopharmaceutical company, acquires, develops, and commercializes medicines for underserved patient populations suffering from rare diseases and cancer. Its advanced product candidate is nirogacestat, an oral small molecule gamma secretase inhibitor that is in Phase 3 clinical trials for the treatment of desmoid tumors.

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