Ladenburg analyst Michael Higgins maintained a Buy rating on Rhythm Pharmaceuticals Inc (RYTM) today and set a price target of $43. The company’s shares opened today at $26.11.
According to TipRanks.com, Higgins has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.2% and a 32.9% success rate. Higgins covers the Healthcare sector, focusing on stocks such as Paratek Pharmaceuticals, Zynerba Pharmaceuticals, and Arch Therapeutics Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rhythm Pharmaceuticals Inc with a $39.75 average price target.
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The company has a one-year high of $37.23 and a one-year low of $23.25. Currently, Rhythm Pharmaceuticals Inc has an average volume of 76.62K.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RYTM in relation to earlier this year.
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Rhythm Pharmaceuticals, Inc. develops and commercializes peptide therapeutics for the treatment of gastrointestinal diseases and genetic deficiencies. It focuses on the treatment for Prader-Willi Syndrome and Pro-Opiomelanocortin deficiency obesity.
