In a report released today, Alan Carr from Needham reiterated a Buy rating on Albireo Pharma (ALBO), with a price target of $50.00. The company’s shares closed last Monday at $25.39.
According to TipRanks.com, Carr is a 3-star analyst with an average return of 1.5% and a 42.0% success rate. Carr covers the Healthcare sector, focusing on stocks such as Phathom Pharmaceuticals, ACADIA Pharmaceuticals, and Vertex Pharmaceuticals.
Albireo Pharma has an analyst consensus of Strong Buy, with a price target consensus of $52.00, representing a 105.4% upside. In a report issued on July 16, H.C. Wainwright also initiated coverage with a Buy rating on the stock with a $64.00 price target.
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Based on Albireo Pharma’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.55 million and GAAP net loss of $31.49 million. In comparison, last year the company earned revenue of $570K and had a GAAP net loss of $16.66 million.
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Albireo Pharma, Inc. is a pharmaceutical company, which engages in the development and commercialization of bile acid modulators for the treatment of orphan pediatric liver diseases and gastrointestinal disorders. Its product pipeline includes A4250, Elobixibat, and A3384. The company was founded by Jan Peter Mattsson and Per-Göran Gillberg on December 8, 2003 and is headquartered in Boston, MA.
