BTIG analyst Ryan Zimmerman reiterated a Buy rating on Vericel Corp (VCEL) today and set a price target of $24. The company’s shares closed yesterday at $17.44.
According to TipRanks.com, Zimmerman is a top 100 analyst with an average return of 43.1% and a 68.3% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, Integra Lifesciences, and OrthoPediatrics Corp.
Vericel Corp has an analyst consensus of Moderate Buy, with a price target consensus of $27.
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Based on Vericel Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.84 million. In comparison, last year the company had a GAAP net loss of $7.66 million.
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Vericel Corp. engages in the research, product development, manufacture, and distribution of patient-specific, expanded cellular therapies to repair and regenerate damaged tissues and organs to normal structure and function. Its product portfolio includes MACI and Epicel.