BioMarin Pharmaceutical (BMRN) Gets a Buy Rating from Wedbush

Wedbush analyst Liana Moussatos reiterated a Buy rating on BioMarin Pharmaceutical (BMRN) today and set a price target of $146.00. The company’s shares closed last Wednesday at $120.13.

According to TipRanks.com, Moussatos is a 4-star analyst with an average return of 7.2% and a 50.7% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Catabasis Pharmaceuticals, Global Blood Therapeutics, and Eiger Biopharmaceuticals.

BioMarin Pharmaceutical has an analyst consensus of Strong Buy, with a price target consensus of $128.80, a 7.3% upside from current levels. In a report issued on July 24, Robert W. Baird also maintained a Buy rating on the stock with a $140.00 price target.

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The company has a one-year high of $131.95 and a one-year low of $62.88. Currently, BioMarin Pharmaceutical has an average volume of 1.45M.

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BioMarin Pharmaceutical, Inc. is a biotechnology company, which engages in the development and commercialization of therapies for people with serious and life-threatening rare diseases and medical conditions. Its pipeline include Vosoritide (BMN 111) for Achondroplasia and Valoctocogene Roxaparvovec (BMN 270) for Hemophilia A. The company was founded by John C. Klock, Christopher M. Starr and Grant W. Denison on March 21, 1997 and is headquartered in San Rafael, CA.