Cantor Fitzgerald analyst Louise Chen reiterated a Buy rating on Evolus Inc (EOLS) today and set a price target of $35. The company’s shares opened today at $13.10.
Chen commented:
“. Reiterate OW rating and PT of $35. EOL’s stock was weak yesterday, but our diligence yielded no fundamental reason for the downtick. Therefore, we reiterate our enthusiasm f or EOLS shares ahead of the approval and launch of Jeuveau. EOLS will be one of the top performing stocks in 2019, in our view, because we think the launch of Jeuveau will exceed modest expectations.”
According to TipRanks.com, Chen is a 4-star analyst with an average return of 6.2% and a 35.8% success rate. Chen covers the Healthcare sector, focusing on stocks such as Bausch Health Companies Inc, Amneal Pharmaceuticals Inc, and Aridis Pharmaceuticals Inc.
Evolus Inc has an analyst consensus of Moderate Buy, with a price target consensus of $30.
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Based on Evolus Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $11.83 million. In comparison, last year the company had a GAAP net loss of $2.63 million.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is neutral on the stock.
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Evolus, Inc. is a medical aesthetics company. The company is engaged in providing physicians and patients with expanded choices in aesthetic procedures and treatments. Evolus was founded in November, 2012 and is headquartered in Irvine, CA.
