Bank of America Securities Reaffirms Their Buy Rating on Ultragenyx Pharmaceutical (RARE)
In a report released yesterday, Tazeen Ahmad from Bank of America Securities reiterated a Buy rating on Ultragenyx Pharmaceutical (RARE – Research Report), with a price target of $80.00. The company's shares closed yesterday at $34.72.
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According to TipRanks, Ahmad is an analyst with an average return of -5.3% and a 43.00% success rate. Ahmad covers the Healthcare sector, focusing on stocks such as Sarepta Therapeutics, PTC Therapeutics, and Alnylam Pharma.
In addition to Bank of America Securities, Ultragenyx Pharmaceutical also received a Buy from Morgan Stanley's Maxwell Skor in a report issued on May 8. However, on May 7, Wedbush maintained a Hold rating on Ultragenyx Pharmaceutical (NASDAQ: RARE).
RARE market cap is currently $3.41B and has a P/E ratio of -6.02.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RARE in relation to earlier this year. Earlier this month, Eric Crombez, the EVP and Chief Medical Officer of RARE sold 242.00 shares for a total of $8,496.62.
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