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Cowen & Co. Sticks to Their Buy Rating for Tricida Inc (TCDA)


Cowen & Co. analyst Phil Nadeau maintained a Buy rating on Tricida Inc (NASDAQ: TCDA) yesterday and set a price target of $50. The company’s shares opened today at $28.68.

According to TipRanks.com, Nadeau is a 5-star analyst with an average return of 11.4% and a 55.0% success rate. Nadeau covers the Healthcare sector, focusing on stocks such as Rocket Pharmaceuticals Inc, Rhythm Pharmaceuticals Inc, and Alexion Pharmaceuticals.

Currently, the analyst consensus on Tricida Inc is a Moderate Buy with an average price target of $38.67.

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The company has a one-year high of $40.10 and a one-year low of $0. Currently, Tricida Inc has an average volume of 175K.

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Tricida, Inc. is a pharmaceutical company, which focuses on the development and commercialization of its product, TRC101, a non-absorbed, orally-administered polymer drug designed to treat metabolic acidosis in patients with chronic kidney disease.