.jpg "uniQure NV (NASDAQ: QURE)")
In a report released today, Debjit Chattopadhyay from H.C. Wainwright maintained a Buy rating on uniQure NV (NASDAQ: QURE), with a price target of $42. The company’s shares opened today at $38.50, close to its 52-week high of $40.99.
Chattopadhyay wrote:
“Our $42 price target is based on a 13-year DCF analysis of the Hemophilia B (65% (5% POS). We anticipate Hemophilia B commercial launch during 2021 and model risk-adjusted peak sales of roughly $820M during 2028. We assume a launch price of $772.5K (durability >5 years), and at peak, we estimate about 775 patients in the U.S. and approximately 1,050 patients in the developed markets who would have received uniQure’s gene therapy, which represents a 50% of the overall commercial opportunity.”
According to TipRanks.com, Chattopadhyay is a 3-star analyst with an average return of 1.5% and a 46.0% success rate. Chattopadhyay covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Voyager Therapeutics Inc, and Mersana Therapeutics Inc.
Currently, the analyst consensus on uniQure NV is a Strong Buy with an average price target of $49.60, which is a 28.8% upside from current levels. In a report issued on August 8, Janney Montgomery also maintained a Buy rating on the stock.
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Based on uniQure NV’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $20.59 million. In comparison, last year the company had a GAAP net loss of $21.27 million.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.
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uniQure NV engages in the research, development, and commercialization of gene therapies. Its discoveries intend to treat hemophilia, Huntington’s disease, glybera, and cardiovascular problems. The company was founded on January 9, 2012 and is headquartered in Amsterdam, the Netherlands.
