After Needham and William Blair gave Albireo Pharma (NASDAQ: ALBO) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Liana Moussatos maintained a Buy rating on Albireo Pharma today and set a price target of $55.00. The company’s shares closed last Monday at $26.98.
According to TipRanks.com, Moussatos is a 5-star analyst with an average return of 10.3% and a 49.7% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Catabasis Pharmaceuticals, Global Blood Therapeutics, and Eiger Biopharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Albireo Pharma with a $50.83 average price target, which is a 103.3% upside from current levels. In a report issued on August 6, Needham also assigned a Buy rating to the stock with a $50.00 price target.
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The company has a one-year high of $31.50 and a one-year low of $11.26. Currently, Albireo Pharma has an average volume of 113K.
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Albireo Pharma, Inc. is a pharmaceutical company, which engages in the development and commercialization of bile acid modulators for the treatment of orphan pediatric liver diseases and gastrointestinal disorders. Its product pipeline includes A4250, Elobixibat, and A3384. The company was founded by Jan Peter Mattsson and Per-Göran Gillberg on December 8, 2003 and is headquartered in Boston, MA.
