In a report released today, Alan Carr from Needham assigned a Buy rating to Intercept Pharma (ICPT), with a price target of $100.00. The company’s shares closed last Monday at $46.70, close to its 52-week low of $44.50.
According to TipRanks.com, Carr is a 2-star analyst with an average return of 0.1% and a 42.4% success rate. Carr covers the Healthcare sector, focusing on stocks such as Lexicon Pharmaceuticals, Phathom Pharmaceuticals, and ACADIA Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intercept Pharma with a $70.65 average price target, a 49.5% upside from current levels. In a report issued on June 23, RBC Capital also maintained a Buy rating on the stock with a $117.00 price target.
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Based on Intercept Pharma’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $72.65 million and GAAP net loss of $92.98 million. In comparison, last year the company earned revenue of $52.25 million and had a GAAP net loss of $90.27 million.
Based on the recent corporate insider activity of 105 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 ICPT in relation to earlier this year.
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Intercept Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of novel therapeutics in treating chronic liver diseases. Its product pipeline is OCALIVA which is used for the treatment of primary biliary cholangitis, nonalcoholic steatohepatitis, primary sclerosing cholangitis, and biliary atresia. The company was founded by Mark E. Pruzanski and Roberto Pellicciari on September 4, 2002 and is headquartered in New York, NY.
