After Jefferies and Wedbush gave Intercept Pharma (NASDAQ: ICPT) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Ritu Baral maintained a Buy rating on Intercept Pharma today and set a price target of $149.00. The company’s shares closed last Monday at $82.76.
According to TipRanks.com, Baral is a 5-star analyst with an average return of 19.4% and a 45.0% success rate. Baral covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Milestone Pharmaceuticals, and Madrigal Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intercept Pharma with a $154.00 average price target, representing an 89.9% upside. In a report issued on October 28, Wedbush also reiterated a Buy rating on the stock with a $243.00 price target.
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The company has a one-year high of $131.87 and a one-year low of $56.76. Currently, Intercept Pharma has an average volume of 470.7K.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ICPT in relation to earlier this year.
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Intercept Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of novel therapeutics in treating chronic liver diseases. Its product pipeline is OCALIVA which is used for the treatment of primary biliary cholangitis, nonalcoholic steatohepatitis, primary sclerosing cholangitis, and biliary atresia. The company was founded by Mark E. Pruzanski and Roberto Pellicciari on September 4, 2002 and is headquartered in New York, NY.
