In a report released today, Chad Messer from Needham assigned a Buy rating to Sarepta Therapeutics (SRPT), with a price target of $182.00. The company’s shares closed last Tuesday at $144.06.
According to TipRanks.com, Messer is a 4-star analyst with an average return of 7.7% and a 44.0% success rate. Messer covers the Healthcare sector, focusing on stocks such as Phasebio Pharmaceuticals, Aeglea Biotherapeutics, and Ionis Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sarepta Therapeutics with a $195.07 average price target, a 35.2% upside from current levels. In a report issued on August 10, Morgan Stanley also maintained a Buy rating on the stock with a $182.00 price target.
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The company has a one-year high of $175.00 and a one-year low of $72.05. Currently, Sarepta Therapeutics has an average volume of 793.6K.
Based on the recent corporate insider activity of 31 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 SRPT in relation to earlier this year. Earlier this month, Hans Lennart Rudolf Wigzell, a Director at SRPT sold 10,000 shares for a total of $1,590,044.
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Sarepta Therapeutics, Inc. is a commercial-stage biopharmaceutical company, which is engaged in the discovery and development of therapeutics for the treatment of rare diseases. The company was founded on July 22, 1980 and is headquartered in Cambridge, MA.
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