Nomura Keeps Their Buy Rating on Incyte (INCY)


Nomura analyst Christopher Marai maintained a Buy rating on Incyte (INCY) today and set a price target of $116.00. The company’s shares closed last Wednesday at $95.87.

According to TipRanks.com, Marai is a 4-star analyst with an average return of 1.8% and a 48.4% success rate. Marai covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Deciphera Pharmaceuticals, and Alexion Pharmaceuticals.

Incyte has an analyst consensus of Moderate Buy, with a price target consensus of $96.91, representing a 0.1% upside. In a report issued on April 21, Oppenheimer also maintained a Buy rating on the stock with a $112.00 price target.

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Based on Incyte’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $579 million and net profit of $111 million. In comparison, last year the company earned revenue of $528 million and had a net profit of $69.06 million.

Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incyte Corp. is a biopharmaceutical company, which engages in the discovery, development and commercialization of proprietary therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late stage development, and commercialized products such as JAKAFI (ruxolitinib), and ICLUSIG (ponatinib). The company was founded by Roy A. Whitfield in April 1991 and is headquartered in Wilmington, DE.

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