SeeThruEquity has initiated coverage with a price target of $2.45 on shares of PURE Bioscience, Inc. (OTCQB: PURE) stock. Last year, the FDA increased regulatory scrutiny through finalizing the Food Safety Modernization Act, which the analyst believes will benefit PURE by pushing more companies to seek superior food safety solutions. Looking forward, the company is anticipated to increase revenues through new customer acquisitions, commercialization of PURE Control®, and entry into new markets. The analyst expects these catalysts to increase revenues by 403% YOY to $9.7 million in full year 2018.
For more information, visit www.purebio.com
About PURE Bioscience, Inc.
PURE Bioscience, Inc. is focused on developing and commercializing its proprietary antimicrobial products primarily in the food safety arena. PURE technology platform is based on patented silver dihydrogen citrate, or SDC. SDC is a broad-spectrum, non-toxic antimicrobial agent, which offers 24-hour residual protection and formulates well with other compounds. As a platform technology, SDC is distinguished from existing products in the marketplace because of its superior efficacy, reduced toxicity and the inability of bacteria to form a resistance to it. PURE is headquartered in El Cajon, California (San Diego metropolitan area).
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