Oppenheimer analyst Leland Gershell maintained a Buy rating on Evofem Biosciences (EVFM) today and set a price target of $23.00. The company’s shares closed last Wednesday at $5.24.
According to TipRanks.com, Gershell is a 5-star analyst with an average return of 12.0% and a 50.3% success rate. Gershell covers the Healthcare sector, focusing on stocks such as Milestone Pharmaceuticals, BioMarin Pharmaceutical, and Corbus Pharmaceuticals.
Evofem Biosciences has an analyst consensus of Strong Buy, with a price target consensus of $13.33, a 166.6% upside from current levels. In a report issued on April 27, H.C. Wainwright also reiterated a Buy rating on the stock with a $11.00 price target.
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The company has a one-year high of $7.50 and a one-year low of $3.34. Currently, Evofem Biosciences has an average volume of 165.6K.
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Evofem Biosciences, Inc. develops therapeutic solutions to meet sexual and reproductive health needs of women. Its product include Amphora Contraceptive for the prevention of pregnancy, antimicrobial drug product for the prevention of sexually transmitted infections and Antimicrobial Drug product to prevent the reoccurrence of bacterial vaginosis. The company was founded in 2007 and is headquartered in San Diego, CA.
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