Insmed (INSM) Receives a Rating Update from a Top Analyst


Cowen & Co. analyst Ritu Baral maintained a Buy rating on Insmed (INSM) yesterday and set a price target of $56. The company’s shares closed yesterday at $28.26.

According to TipRanks.com, Baral is a top 100 analyst with an average return of 28.4% and a 54.7% success rate. Baral covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals Inc, ACADIA Pharmaceuticals Inc, and Allena Pharmaceuticals Inc.

Currently, the analyst consensus on Insmed is a Strong Buy with an average price target of $43.57.

See today’s analyst top recommended stocks >>

Based on Insmed’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $91.57 million. In comparison, last year the company had a GAAP net loss of $68.52 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Insmed, Inc. is a biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases. Its first commercial product is ARIKAYCE (amikacin liposome inhalation suspension), which is approved in the United States for the treatment of Mycobacterium avium complex (MAC) lung disease as part of a combination antibacterial drug regimen for adult patients with limited or no alternative treatment options. The MAC lung disease is a rare and often chronic infection that can cause irreversible lung damage and can be fatal. Its earlier-stage clinical pipeline includes INS1007, a novel oral reversible inhibitor of dipeptidyl peptidase 1 with therapeutic potential in non-cystic fibrosis bronchiectasis and other inflammatory diseases, and INS1009, an inhaled formulation of a treprostinil prodrug that may offer a differentiated product profile for rare pulmonary disorders, including pulmonary arterial hypertension. The company was founded in 1988 and is headquartered in Bridgewater, NJ.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts