Leerink Partners Keeps a Buy Rating on Viking Therapeutics (VKTX)
In a report issued on April 28, Thomas Smith from Leerink Partners reiterated a Buy rating on Viking Therapeutics (VKTX), with a price target of $18.00. The company’s shares closed last Friday at $6.39.
According to TipRanks.com, Smith is a 1-star analyst with an average return of -3.1% and a 38.5% success rate. Smith covers the Healthcare sector, focusing on stocks such as Connect Biopharma Holdings, Madrigal Pharmaceuticals, and Eledon Pharmaceuticals.
Viking Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $16.60, a 170.4% upside from current levels. In a report issued on April 28, Stifel Nicolaus also reiterated a Buy rating on the stock with a $13.00 price target.
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Viking Therapeutics’ market cap is currently $499.1M and has a P/E ratio of -11.50. The company has a Price to Book ratio of 1.97.
Based on the recent corporate insider activity of 14 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 VKTX in relation to earlier this year.
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Viking Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of novel therapies for patients suffering from metabolic and endocrine disorders. The company’s clinical program VK5211, treats patients recovering from non-elective hip fracture surgery. It also specializes in development of VK2809 and VK0214. The company was founded by Brian Lian and Michael A. Dinerman on September 24, 2012 and is headquartered in San Diego, CA.