H.C. Wainwright analyst Ed Arce maintained a Buy rating on Arcturus Therapeutics (ARCT) today and set a price target of $62.00. The company’s shares closed last Monday at $39.74, close to its 52-week high of $41.09.
According to TipRanks.com, Arce is a 5-star analyst with an average return of 14.2% and a 41.1% success rate. Arce covers the Healthcare sector, focusing on stocks such as Entasis Therapeutics Holdings, Madrigal Pharmaceuticals, and Collegium Pharmaceutical.
Arcturus Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $30.60, implying a -29.0% downside from current levels. In a report issued on April 27, Roth Capital also maintained a Buy rating on the stock.
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Based on Arcturus Therapeutics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.97 million and GAAP net loss of $10.99 million. In comparison, last year the company earned revenue of $7.58 million and had a GAAP net loss of $1.01 million.
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Arcturus Therapeutics Holdings, Inc. engages in the development of RNA therapeutics for treatment. It focuses on liver and respiratory diseases. Its pipeline include LUNAR-OTC, and LUNAR CF. The company was founded in 2013 and is headquartered in San Diego, CA.
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