Why Has Stifel Given Ultragenyx Pharma (NASDAQ:RARE) a $125.0 Price Target
Analysts at Stifel commenced coverage coverage on shares of Ultragenyx Pharma (NASDAQ:RARE) in an analyst note issued to clients and investors on 1 December. The broker set Buy rating on the $3.92B market cap company.
From a total of 9 analysts covering Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $125 while the lowest target price is $79. The mean of all analyst targets is $112.67 with a 17.34% above today’s ($101.7) stock price. Ultragenyx Pharmaceutical Inc was the topic of 9 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus initiated shares on December 1 with “Buy” rating. SunTrust maintained shares with “Buy” rating and $119 target share price in a report from a July 13. Citigroup initiated RARE stock in a recent report from September 3 with “Sell” rating. Finally, Zacks downgraded the stock to “Buy” rating in a report issued on an August 18.
Approximately 901 shares of stock traded hands. Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) has risen 65.24% since April 28, 2015 and is uptrending. It has outperformed by 66.87% the S&P500.
Ultragenyx Pharmaceutical Inc. is a clinical-stage biopharmaceutical company. The company has a market cap of $3.92 billion. The Firm is focused on the identification, acquisition, development, and commercialization of products for the treatment of rare and ultra-rare diseases, with a focus on serious, debilitating genetic diseases. It currently has negative earnings. The Company’s pipeline consists of two product categories: biologics, including a monoclonal antibody and enzyme replacement therapies, and small-molecule substrate replacement therapies.
According to Zacks Investment Research, “Ultragenyx Pharmaceutical Inc. is involved in the identification, acquisition, development and commercialization of products for the treatment of rare and ultra-rare diseases, with an initial focus on serious, debilitating metabolic genetic diseases. The Company’s product pipeline include KRN23 (UX023) for the treatment of XLH, rhGUS (UX003) for the treatment of MPS 7, rhPPCA (UX004) for the treatment of galactosialidosis, Triheptanoin (UX007) for the treatment of LC-FAOD, Triheptanoin (UX007) for the treatment of Glut1 DS and SA-ER (UX001) for the treatment of HIBM which are in different clinical phases. Ultragenyx Pharmaceutical Inc. is headquartered in Novato, California.” Get a free copy of the Zacks research report on Ultragenyx Pharmaceutical Inc (RARE)