Alnylam Pharma (ALNY) Received its Third Buy in a Row


After Chardan Capital and Morgan Stanley gave Alnylam Pharma (NASDAQ: ALNY) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Alan Carr assigned a Buy rating to Alnylam Pharma today and set a price target of $160.00. The company’s shares closed last Tuesday at $126.61.

According to TipRanks.com, Carr is a 4-star analyst with an average return of 3.9% and a 45.0% success rate. Carr covers the Healthcare sector, focusing on stocks such as Lexicon Pharmaceuticals, Phathom Pharmaceuticals, and Crispr Therapeutics AG.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alnylam Pharma with a $167.09 average price target, which is a 32.9% upside from current levels. In a report issued on November 9, H.C. Wainwright also maintained a Buy rating on the stock with a $225.00 price target.

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Based on Alnylam Pharma’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $126 million and GAAP net loss of $253 million. In comparison, last year the company earned revenue of $70.06 million and had a GAAP net loss of $209 million.

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Alnylam Pharmaceuticals, Inc. operates as biopharmaceutical company, which engages in the discovery, development and commercialization of RNAi therapeutics. It is the translation of RNAi as a new class of innovative medicines with a core focus on RNAi therapeutics for the treatment of genetically defined diseases. The company was founded by John Kennedy Clarke, Paul R. Schimmel and Phillip A. Sharp on June 14, 2002 and is headquartered in Cambridge, MA.

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