Aimmune Therapeutics (AIMT) Receives a Buy from Wedbush


In a report released today, Liana Moussatos from Wedbush reiterated a Buy rating on Aimmune Therapeutics (AIMT), with a price target of $80. The company’s shares opened today at $23.50, close to its 52-week low of $21.47.

According to TipRanks.com, Moussatos is ranked 0 out of 5 stars with an average return of -10.4% and a 33.5% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Allena Pharmaceuticals Inc, Aquestive Therapeutics Inc, and Global Blood Therapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aimmune Therapeutics with a $55.57 average price target, which is a 136.5% upside from current levels. In a report issued on December 2, Cantor Fitzgerald also initiated coverage with a Buy rating on the stock with a $64 price target.

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Based on Aimmune Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $51.7 million. In comparison, last year the company had a GAAP net loss of $31.79 million.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock.

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Aimmune Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the research and development of desensitization treatments for peanut and other food allergies. Its portfolio includes the characterized oral desensitization immunotherapy system. The company was founded on June 24, 2011 and is headquartered in Brisbane, CA.

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