Morgan Stanley analyst David Lebovitz maintained a Sell rating on Ionis Pharmaceuticals (IONS) today and set a price target of $38.00. The company’s shares closed last Monday at $39.47.
According to TipRanks.com, Lebovitz is a 2-star analyst with an average return of 0.3% and a 47.3% success rate. Lebovitz covers the Healthcare sector, focusing on stocks such as Rhythm Pharmaceuticals, Blueprint Medicines, and Ironwood Pharma.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ionis Pharmaceuticals with a $60.90 average price target.
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Ionis Pharmaceuticals’ market cap is currently $5.74B and has a P/E ratio of -12.60. The company has a Price to Book ratio of 7.04.
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Ionis Pharmaceuticals, Inc. engages in the development and commercialization of human therapeutic drugs using antisense technology. It operates through the Ionis Core and Akcea Therapeutics segments. The Ionis Core segment exploits a novel drug discovery platform to generate a pipeline of drugs. The Akcea Therapeutics segment develops and commercializes drugs for cardiometabolic diseases. The company was founded by Stanley T. Crooke, David J. Ecker, Christopher K. Mirabelli and Brett P. Monia in 1989 and is headquartered in Carlsbad, CA.
