Mizuho Securities Keeps Their Buy Rating on Insmed (INSM)
In a report released yesterday, Graig Suvannavejh from Mizuho Securities reiterated a Buy rating on Insmed (INSM – Research Report), with a price target of $110.00. The company's shares closed yesterday at $90.93.
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According to TipRanks, Suvannavejh is an analyst with an average return of -7.4% and a 41.75% success rate. Suvannavejh covers the Healthcare sector, focusing on stocks such as Axsome Therapeutics, Verastem, and Harmony Biosciences Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Insmed with a $98.36 average price target, implying an 8.17% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $94.00 price target.
INSM market cap is currently $13.41B and has a P/E ratio of -11.88.
Based on the recent corporate insider activity of 120 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 INSM in relation to earlier this year. Earlier this month, Orlov Nicole Schaeffer, the Chief People Strategy Officer of INSM sold 1,642.00 shares for a total of $117,403.00.
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