Smarter Analyst

Rigel (RIGL) Gets a Buy Rating from H.C. Wainwright

H.C. Wainwright analyst Joseph Pantginis reiterated a Buy rating on Rigel (RIGL) today and set a price target of $11.00. The company’s shares closed last Thursday at $4.04.

According to TipRanks.com, Pantginis is a top 25 analyst with an average return of 46.5% and a 67.0% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Catabasis Pharmaceuticals, and Lineage Cell Therapeutics.

Rigel has an analyst consensus of Strong Buy, with a price target consensus of $8.75.

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The company has a one-year high of $5.50 and a one-year low of $1.23. Currently, Rigel has an average volume of 3.97M.

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Rigel Pharmaceuticals, Inc. operates as a clinical stage biotechnology company. It discovers and develops novel, targeted drugs in the therapeutic areas of immunology, oncology and immune oncology. The firm focuses on intracellular signalling pathways and related targets that are critical to disease mechanisms. Its products include Tavalisse, Fostamatinib and R835. The company was founded by Donald G. Payan, James M. Gower, Thomas A. Raffin, Garry P. Nolan and Ronald B. Garren on June 14, 1996 and is headquartered in South San Francisco, CA.

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