Analyst Corinne Jenkins upgraded the firm to buy from neutral and maintained her price target of $4.
Goldman Sachs thinks late-stage biotech company Geron was due for a correction and now has the potential to surge higher. Analyst Corinne Jenkins upgraded Geron to buy from neutral. She maintained her price target of $4, which suggests 70.1% upside for the stock from Monday's closing price. The analyst highlighted U.S.
"We see the recent pullback in shares as presenting a buying opportunity for the stock." Shares of Geron have taken a hit this year with a 27% drop this quarter and 3.3% in year-to-date losses. This activity has been driven, in part, by investor disappointment following the FDA's decision to review Geron's MDS drug through its "standard review" process rather than priority review .
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