<div id="readability-page-1"><p><span>Terns Pharmaceuticals (NASDAQ:TERN - Get Free Report)</span> had its target price increased by BMO Capital Markets  from $22.00 to $30.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an &#34;outperform&#34; rating on the stock. BMO Capital Markets' target price indicates a potential upside of 12.40% from the stock's current price.</p><p>A number of other equities research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of Terns Pharmaceuticals from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, October 25th. JMP Securities lowered their price target on Terns Pharmaceuticals from $20.00 to $15.00 and set a &#34;market outperform&#34; rating on the stock in a research report on Thursday, October 23rd. William Blair raised Terns Pharmaceuticals from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating in a research report on Monday, November 3rd. HC Wainwright upgraded Terns Pharmaceuticals from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and set a $20.00 price target on the stock in a research note on Tuesday, November 4th. Finally, Oppenheimer  reaffirmed an &#34;outperform&#34; rating and set a $24.00 price target on shares of Terns Pharmaceuticals in a report on Monday, November 3rd. Ten equities research analysts have rated the stock with a Buy rating and one  has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $26.63.</p><div><p><span></span><span>Get <strong>Terns Pharmaceuticals</strong> alerts:</span></p></div><p><b>View Our Latest Analysis on Terns Pharmaceuticals</b></p><h2>Terns Pharmaceuticals Stock Performance</h2><p>NASDAQ TERN traded up $1.13 during trading on Tuesday, hitting $26.69. The stock had a trading volume of 2,377,132 shares, compared to its average volume of 1,525,396. Terns Pharmaceuticals has a 12 month low of $1.87 and a 12 month high of $27.41. The company's 50-day moving average price is $10.48 and its two-hundred day moving average price is $6.81. The company has a market capitalization of $2.40 billion, a PE ratio of -26.04 and a beta of -0.02. </p><p>Terns Pharmaceuticals (NASDAQ:TERN - Get Free Report) last announced its earnings results on Monday, November 10th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.03.  As a group, equities analysts anticipate that  Terns Pharmaceuticals will post -1.19 earnings per share for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><p>In other news, Director Jill M. Quigley sold 24,520 shares of the company's stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $18.00, for a total transaction of $441,360.00. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders. </p><h2>Institutional Inflows and Outflows</h2><p>A number of hedge funds have recently modified their holdings of TERN. Commodore Capital LP acquired a new position in  Terns Pharmaceuticals in the third quarter valued at about $42,807,000.  Vanguard Group Inc. increased its holdings in  Terns Pharmaceuticals by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,559,917 shares of the company's stock valued at $34,245,000 after buying an additional 253,751 shares during the period.  Candriam S.C.A. increased its holdings in  Terns Pharmaceuticals by 9.9% in the 2nd quarter. Candriam S.C.A. now owns 2,368,235 shares of the company's stock valued at $8,834,000 after buying an additional 214,266 shares during the period.  Geode Capital Management LLC raised its position in shares of  Terns Pharmaceuticals by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,633,349 shares of the company's stock valued at $6,094,000 after buying an additional 59,145 shares in the last quarter.  Finally, Nuveen LLC bought a new stake in shares of  Terns Pharmaceuticals during the 1st quarter worth approximately $3,880,000. Institutional investors own  98.26% of the company's stock. </p><h2>About Terns Pharmaceuticals</h2> (Get Free Report)<p>Terns Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, develops small-molecule product candidates for the treatment of oncology, metabolic dysfunction-associated steatohepatitis (MASH), and obesity. The company develops TERN-701, an allosteric BCR-ABL tyrosine kinase inhibitor (TKI) that is in phase 1 clinical trial for chronic myeloid leukemia (CML), a form of cancer that starts in bone marrow.</p><h2>See Also</h2><ul><li>Five stocks we like better than Terns Pharmaceuticals</li><li>What is Forex and How Does it Work? </li><li>Why a 20-Second Flight Test Could Unlock Billions for Vertical</li><li>What Makes a Stock a Good Dividend Stock?</li><li>3 Smart Defensive Stocks for an Uneasy Market</li><li>What is the Nasdaq? Complete Overview with History</li><li>These 3 Stocks Are Using Buybacks to Signal Market Confidence</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VEVSTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VEVSTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Terns Pharmaceuticals Right Now?</h2><p>Before you consider Terns Pharmaceuticals, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Terns Pharmaceuticals wasn't on the list.</p><p>While Terns Pharmaceuticals currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

TERN

<p>BMO Capital Markets raised its price target for Terns Pharmaceuticals from $22.00 to $30.00, maintaining an "outperform" rating. This suggests a potential 12.40% upside from the current stock price. Other analysts have varied ratings, with an average target price of $26.63. The stock recently traded at $26.69, with a market cap of $2.40 billion.</p>

Terns Pharmaceuticals (NASDAQ:TERN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says