Calithera Biosciences (NASDAQ:CALA) stock is rising today after its sapanisertib received a fast-track designation from the U.S. Food and Drug Administration (FDA) for the treatment of certain lung cancer types.
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This includes unresectable or metastatic squamous non-small cell lung cancer (NSCLC).
Will CALA Stock Go Up?
Overall, CALA stock has a Moderate Buy consensus rating among analysts based on two unanimous Buys.
The average Calithera price target of $8 indicates a massive 129.22% potential upside for the stock. That’s after a nearly 92% slide in the share price over the past year.
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