After Wedbush and Needham gave Albireo Pharma (NASDAQ: ALBO) a Buy rating last month, the company received another Buy, this time from H.C. Wainwright. Analyst Ed Arce maintained a Buy rating on Albireo Pharma today and set a price target of $67.00. The company’s shares closed last Tuesday at $38.21.
According to TipRanks.com, Arce is a 4-star analyst with an average return of 9.4% and a 37.6% success rate. Arce covers the Healthcare sector, focusing on stocks such as Entasis Therapeutics Holdings, Madrigal Pharmaceuticals, and Aurinia Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Albireo Pharma with a $54.33 average price target, a 19.3% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $68.00 price target.
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Based on Albireo Pharma’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.91 million and GAAP net loss of $20.6 million. In comparison, last year the company earned revenue of $1.25 million and had a GAAP net loss of $16.63 million.
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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.
