.jpg "Theravance Biopharma (NASDAQ: TBPH)")
In a report released today, Louise Chen from Cantor Fitzgerald initiated coverage with a Buy rating on Theravance Biopharma (TBPH) and a price target of $55. The company’s shares opened today at $27.29.
Chen wrote:
“We rate TBPH 12-month price target of $55. We believe the Street is underestimating the peak sales potential of its key programs (JAK Inhibitor, TD-9855, Revefenacin, among others) and preclinical assets. Valuation Summary We use a blend of DCF and multiples (EV/EBITDA) analysis to get to our 12-month price target of $55. The Disclosure Section may be found on pages 3 – 4.Valuation We use a blend of DCF and multiples (EV/EBITDA) analysis to get to our 12-month price target of $55.”
According to TipRanks.com, Chen is a 4-star analyst with an average return of 5.6% and a 35.3% success rate. Chen covers the Healthcare sector, focusing on stocks such as Bausch Health Companies Inc, Amneal Pharmaceuticals Inc, and Aridis Pharmaceuticals Inc.
Theravance Biopharma has an analyst consensus of Moderate Buy, with a price target consensus of $46.50.
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The company has a one-year high of $35.48 and a one-year low of $21.27. Currently, Theravance Biopharma has an average volume of 219.1K.
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Theravance Biopharma, Inc. operates as a biopharmaceutical company, which focuses on the discovery, development and commercialization of small molecule medicines. Its products include telavancin under the VIBATIV brand, revefenacin under the TD 4208 brand and neprilysin. The company was founded in July 2013 and is headquartered in George Town, Cayman Islands.
