After H.C. Wainwright and Mizuho Securities gave Revance Therapeutics (NASDAQ: RVNC) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Serge Belanger maintained a Buy rating on Revance Therapeutics today and set a price target of $36.00. The company’s shares closed last Tuesday at $20.03.
According to TipRanks.com, Belanger is a 4-star analyst with an average return of 5.4% and a 49.7% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, KalVista Pharmaceuticals, and Collegium Pharmaceutical.
Revance Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $32.25, implying a 55.9% upside from current levels. In a report issued on May 4, H.C. Wainwright also maintained a Buy rating on the stock with a $24.00 price target.
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Based on Revance Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $58K and GAAP net loss of $61.93 million. In comparison, last year the company earned revenue of $278K and had a GAAP net loss of $35.3 million.
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Revance Therapeutics, Inc. is a clinical stage biotechnology company. It engages in the development, manufacturing, and commercialization of novel botulinum toxin products for multiple aesthetic and therapeutic applications. The firm focuses on production of daxibotulinumtoxinA, a botulinum toxin, for aesthetic and therapeutic indications, including facial wrinkles and muscle movement disorders. The company was founded by Jacob M. Waugh and L. Daniel Browne on August 10, 1999 and is headquartered in Newark, CA.