Aurinia Pharmaceuticals Gets a Buy Rating from Cantor Fitzgerald


In a report released today, Elemer Piros from Cantor Fitzgerald reiterated a Buy rating on Aurinia Pharmaceuticals (NASDAQ: AUPH), with a price target of $16. The company’s shares opened today at $5.26.

Piros wrote:

“Aurinia reported 1Q18 financial results and provided an update on its corporate activities.”

According to TipRanks.com, Piros is ranked 0 out of 5 stars with an average return of -3.6% and a 46.3% success rate. Piros covers the Healthcare sector, focusing on stocks such as Spring Bank Pharmaceuticals Inc, Strongbridge Biopharma Plc, and Global Blood Therapeutics.

Currently, the analyst consensus on Aurinia Pharmaceuticals is Strong Buy and the average price target is $13, representing a 147.1% upside.

In a report issued on May 2, H.C. Wainwright also maintained a Buy rating on the stock with a $12 price target.

See today’s analyst top recommended stocks >>

Based on Aurinia Pharmaceuticals’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $3.33 million. In comparison, last year the company had a GAAP net loss of $51.94 million.

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Aurinia Pharmaceuticals, Inc. operates as a clinical stage pharmaceutical company, which engages in the development of a therapeutic drug to treat autoimmune diseases particularly lupus nephritis. The company was founded by Robert Foster, Richard Glickman and Michael Martin on June 16, 1993 and is headquartered in Victoria, Canada.

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