In a report released today, Ed Arce from H.C. Wainwright maintained a Buy rating on Arcturus Therapeutics (ARCT), with a price target of $84.00. The company’s shares closed last Tuesday at $37.25.
According to TipRanks.com, Arce is a 4-star analyst with an average return of 8.1% and a 37.8% success rate. Arce covers the Healthcare sector, focusing on stocks such as Entasis Therapeutics Holdings, Madrigal Pharmaceuticals, and Paratek Pharmaceuticals.
Arcturus Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $72.50, representing a 94.9% upside. In a report issued on October 26, Barclays also initiated coverage with a Buy rating on the stock with a $72.00 price target.
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Based on Arcturus Therapeutics’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.32 million and GAAP net loss of $10.26 million. In comparison, last year the company earned revenue of $10.15 million and had a GAAP net loss of $685K.
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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.
