In a report released today, Elemer Piros from Cantor Fitzgerald maintained a Buy rating on Spark Therapeutics (NASDAQ: ONCE), with a price target of $103. The company’s shares opened today at $54.57.
Piros wrote:
“We rate Spark Therapeutics Overweight. ONCE focuses on the development of gene therapy products for patients suffering from debilitating genetic diseases. With lead candidate LUXTURNA, Spark has become the first company in the U.S. with an approval for an in-vivo gene therapy product. 12-month price target is determined by the sum of the risk-adjusted NPV for the after-tax and discounted value of the programs analyzed, a platform value for the remaining pipeline and YE19 cash.”
According to TipRanks.com, Piros is a 1-star analyst with an average return of -0.6% and a 48.2% success rate. Piros covers the Healthcare sector, focusing on stocks such as Spring Bank Pharmaceuticals Inc, Strongbridge Biopharma Plc, and Global Blood Therapeutics.
Currently, the analyst consensus on Spark Therapeutics is a Moderate Buy with an average price target of $71.50, which is a 31.0% upside from current levels. In a report issued on September 21, Raymond James also maintained a Buy rating on the stock.
.
See today’s analyst top recommended stocks >>
Based on Spark Therapeutics’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $80.17 million. In comparison, last year the company had a GAAP net loss of $65.01 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.
Spark Therapeutics, Inc. engages in the research, development, and commercialization of gene therapies. Its product portfolio intends to treat inherited retinal sickness, liver-mediated, and neurodegenerative diseases.
Read More on ONCE:
