In a report issued on July 6, Liana Moussatos from Wedbush maintained a Buy rating on Intercept Pharma (NASDAQ: ICPT), with a price target of $203. The company’s shares opened today at $93.87.
According to TipRanks.com, Moussatos is a 4-star analyst with an average return of 9.1% and a 45.3% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Allena Pharmaceuticals Inc, Catabasis Pharmaceuticals, and Global Blood Therapeutics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intercept Pharma with a $121.20 average price target, representing a 29.1% upside. In a report issued on June 28, Raymond James also initiated coverage with a Buy rating on the stock with a $122 price target.
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Based on Intercept Pharma’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $81.59 million. In comparison, last year the company had a GAAP net loss of $86.56 million.
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Intercept Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of novel therapeutics in treating chronic liver diseases. Its product pipeline is OCALIVA which is used for the treatment of primary biliary cholangitis, nonalcoholic steatohepatitis, primary sclerosing cholangitis, and biliary atresia. The company was founded by Mark E. Pruzanski and Roberto Pellicciari on September 4, 2002 and is headquartered in New York, NY.
