Leerink Partners Maintains Their Buy Rating on Madrigal Pharmaceuticals (MDGL)

In a report issued on February 26, Thomas Smith from Leerink Partners maintained a Buy rating on Madrigal Pharmaceuticals (MDGL). The company’s shares closed last Tuesday at $117.00.

According to TipRanks.com, Smith is a 2-star analyst with an average return of 4.6% and a 42.1% success rate. Smith covers the Healthcare sector, focusing on stocks such as Eledon Pharmaceuticals, Aclaris Therapeutics, and Keros Therapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Madrigal Pharmaceuticals with a $172.30 average price target, a 46.4% upside from current levels. In a report issued on February 25, Piper Sandler also maintained a Buy rating on the stock with a $204.00 price target.

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Madrigal Pharmaceuticals’ market cap is currently $1.81B and has a P/E ratio of -10.90. The company has a Price to Book ratio of 6.47.

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Madrigal Pharmaceuticals, Inc. engages on the development and commercialization of innovative therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases. Its lead product, MGL-3196, is used for the treatment of non-alcoholic steatohepatitis and familial hypercholesterolemia. The company was founded by Rebecca Taub and Edward Chiang on September 2011 and is headquartered in Fort Washington, PA.

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