Cantor Fitzgerald analyst Eliana Merle maintained a Hold rating on Ionis Pharmaceuticals Inc (IONS) today and set a price target of $68. The company’s shares opened today at $68.
According to TipRanks.com, Merle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.7% and a 24.2% success rate. Merle covers the Healthcare sector, focusing on stocks such as BioMarin Pharmaceutical Inc., Aerpio Pharmaceuticals Inc, and CymaBay Therapeutics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ionis Pharmaceuticals Inc with a $81.60 average price target, a 20.0% upside from current levels. In a report issued on May 7, Cowen & Co. also maintained a Hold rating on the stock.
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Ionis Pharmaceuticals Inc’s market cap is currently $9.47B and has a P/E ratio of 37.14. The company has a Price to Book ratio of 9.03.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.
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Ionis Pharmaceuticals, Inc. engages in the development and commercialization of human therapeutic drugs using antisense technology. It operates through the Ionis Core and Akcea Therapeutics segments. The Ionis Core segment exploits a novel drug discovery platform to generate a pipeline of drugs.
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