After H.C. Wainwright and Merrill Lynch gave Sarepta Therapeutics (NASDAQ: SRPT) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Ritu Baral maintained a Buy rating on Sarepta Therapeutics yesterday and set a price target of $213. The company’s shares closed on Friday at $150.80.
According to TipRanks.com, Baral is a top 100 analyst with an average return of 25.9% and a 51.0% success rate. Baral covers the Healthcare sector, focusing on stocks such as Milestone Pharmaceuticals Inc, Madrigal Pharmaceuticals Inc, and ACADIA Pharmaceuticals Inc.
Currently, the analyst consensus on Sarepta Therapeutics is a Strong Buy with an average price target of $204.75, implying a 35.8% upside from current levels. In a report issued on June 25, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $231 price target.
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The company has a one-year high of $165.87 and a one-year low of $95.21. Currently, Sarepta Therapeutics has an average volume of 1.12M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2019, Hans Lennart Rudolf Wigzell, a Director at SRPT sold 10,000 shares for a total of $1,200,000.
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Sarepta Therapeutics, Inc. is a commercial-stage biopharmaceutical company, which is engaged in the discovery and development of therapeutics for the treatment of rare diseases. The company was founded on July 22, 1980 and is headquartered in Cambridge, MA.
