In a report released yesterday, Steven Seedhouse from Raymond James maintained a Buy rating on Apellis Pharmaceuticals (APLS), with a price target of $104.00. The company’s shares closed last Thursday at $45.05.
According to TipRanks.com, Seedhouse is a 4-star analyst with an average return of 17.7% and a 56.2% success rate. Seedhouse covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals, Alexion Pharmaceuticals, and Crispr Therapeutics AG.
Apellis Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $66.80, representing a 44.9% upside. In a report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $57.00 price target.
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The company has a one-year high of $58.47 and a one-year low of $16.85. Currently, Apellis Pharmaceuticals has an average volume of 690.2K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APLS in relation to earlier this year.
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Apellis Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company, which develops novel therapeutic compounds. It develops complement immunotherapies for the treatment of complement-dependent autoimmune and inflammatory diseases through APL-2 product. The company was founded by Candace Rose Depp, Pascal Deschatelets, Cedric Francois, Alec Machiels on September 25, 2009 and is headquartered in Waltham, MA.
