Audentes Therapeutics Receives a Buy from Cowen & Co.

Cowen & Co. analyst Ritu Baral maintained a Buy rating on Audentes Therapeutics (NASDAQ: BOLD) today. The company’s shares opened today at $33.95.

According to TipRanks.com, Baral is a top 25 analyst with an average return of 35.8% and a 57.8% success rate. Baral covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals Inc, ACADIA Pharmaceuticals Inc, and Allena Pharmaceuticals Inc.

Currently, the analyst consensus on Audentes Therapeutics is Moderate Buy and the average price target is $36, representing a 6.0% upside.

In a report issued on May 9, William Blair also maintained a Buy rating on the stock.

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The company has a one-year high of $41.80 and a one-year low of $13.90. Currently, Audentes Therapeutics has an average volume of 360.7K.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock.

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Audentes Therapeutics, Inc. is a biotechnology company, which engages on development and commercialization of gene therapy products for patients with serious and rare diseases caused by single gene defects. Its products include AT001 for the treatment of X-Linked Myotubular Myopathy, AT002 for the treatment of Pompe disease, and AT003 for the treatment of Catecholaminergic Polymorphic Ventricular Tachycardia. The company was founded by Matthew R. Patterson and Thomas J. Schuetz on November 13, 2012 and is headquartered in San Francisco, CA.