.png "Theravance Biopharma (NASDAQ: TBPH)")
Cantor Fitzgerald analyst Louise Chen maintained a Buy rating on Theravance Biopharma (NASDAQ: TBPH) today and set a price target of $55. The company’s shares closed on Friday at $29.13.
Chen said:
“We rate TBPH 12-month price target of $55. We believe the Street is underestimating the peak sales potential of its four key programs (JAK Inhibitor, NEP Inhibitors, TD-9855, Revefenacin), all of which have data expected over the next 12-18 months. Valuation Summary 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 5-star analyst with an average return of 11.6% and a 40.7% success rate. Chen covers the Healthcare sector, focusing on stocks such as Bausch Health Companies Inc, Aridis Pharmaceuticals Inc, and Melinta Therapeutics Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Theravance Biopharma with a $47.50 average price target.
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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 242.2K.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.
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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.
