In a report issued on July 30, Cory Kasimov from J.P. Morgan maintained a Hold rating on Gilead Sciences (GILD). The company’s shares closed last Thursday at $68.81.
According to TipRanks.com, Kasimov is a 5-star analyst with an average return of 21.9% and a 56.8% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Alexion Pharmaceuticals, and BioMarin Pharmaceutical.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gilead Sciences with a $82.93 average price target, which is a 20.2% upside from current levels. In a report issued on July 20, Credit Suisse also upgraded the stock to Hold with a $75.00 price target.
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The company has a one-year high of $85.97 and a one-year low of $60.89. Currently, Gilead Sciences has an average volume of 10.82M.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GILD in relation to earlier this year.
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Gilead Sciences, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of medicines in areas of unmet medical need. The firms primary areas of focus include human immunodeficiency virus, acquired immunodeficiency syndrome, liver diseases, hematology, oncology, and inflammation and respiratory diseases. It offers antiviral products under Harvoni, Genvoya, Epclusa, Truvada, Atripla, Descovy, Stribild, Viread, Odefsey, Complera/Eviplera, Sovaldi, and Vosevi brands. The company was founded by Michael L. Riordan on June 22, 1987 and is headquartered in Foster, CA.
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