Barclays Remains a Buy on 4D Molecular Therapeutics (FDMT)
Protect Your Portfolio Against Market Uncertainty
Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
According to TipRanks, Wang is a 3-star analyst with an average return of 2.3% and a 39.26% success rate. Wang covers the Healthcare sector, focusing on stocks such as Alnylam Pharma, Sarepta Therapeutics, and Legend Biotech.
4D Molecular Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $33.14, implying a 975.97% upside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $26.00 price target.
Based on 4D Molecular Therapeutics' latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1 thousand and a GAAP net loss of $49.67 million. In comparison, last year the company had a GAAP net loss of $32.28 million
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
29 minutes ago
- Business Insider
Reddit (RDDT) Blocks Wayback Machine to Prevent AI Scraping
Reddit (RDDT) has beef with the Internet Archive's Wayback Machine, a source that allows users to visit archived and historical versions of websites from across the internet. The social media platform has blocked the Wayback Machine from archiving its website, sans the front page of Reddit. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The big issue here is Reddit's block on artificial intelligence (AI) scrapers that pull information from its website without permission. Reddit argued that AI scrapers were getting around this by pulling information from Reddit that was stored on the Wayback Machine. This, combined with the Wayback Machine's refusal to remove deleted content, prompted the block. Reddit said that it spoke with the Internet Archive to alert them of this block before it went into effect. It also said the block will continue until the Wayback Machine protects its data from AI scrapers and follows Reddit's policies. Wayback Machine director Mark Graham told The Verge, 'We have a longstanding relationship with Reddit and continue to have ongoing discussions about this matter.' A Loss for the Internet While it's understandable that Reddit wants to protect its data from AI scrapers, blocking the Wayback Machine is a loss for the collective internet. The resource, along with other services offered by the Internet Archive, is important and shouldn't be restricted. Reddit also offers significant value to internet users with its various subreddits filled with niche information, and that should be preserved. RDDT stock was up 0.69% on Wednesday, extending a 38.15% rally year-to-date. The shares have also climbed 307.68% over the past 12 months. Is Reddit Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Reddit is Moderate Buy, based on 15 Buy, eight Hold, and a single Sell rating over the past three months. With that comes an average RDDT stock price target of $198.13, representing a potential 12.2% downside for the shares.
Business Insider
an hour ago
- Business Insider
Macquarie Reaffirms Their Hold Rating on Computershare Limited (CMSQF)
In a report released today, from Macquarie maintained a Hold rating on Computershare Limited, with a price target of A$37.50. The company's shares closed last Wednesday at $26.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In addition to Macquarie, Computershare Limited also received a Hold from Citi's Nigel Pittaway in a report issued on August 12. However, yesterday, Jefferies upgraded Computershare Limited (Other OTC: CMSQF) to a Buy. The company has a one-year high of $29.30 and a one-year low of $16.05. Currently, Computershare Limited has an average volume of 280.
Business Insider
an hour ago
- Business Insider
Stifel Nicolaus Keeps Their Hold Rating on Kontoor Brands (KTB)
Stifel Nicolaus analyst Peter McGoldrick maintained a Hold rating on Kontoor Brands on August 12 and set a price target of $73.00. The company's shares closed yesterday at $70.71. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. McGoldrick covers the Consumer Cyclical sector, focusing on stocks such as Fox Factory Holding, Kontoor Brands, and Crocs. According to TipRanks, McGoldrick has an average return of 0.8% and a 33.33% success rate on recommended stocks. In addition to Stifel Nicolaus, Kontoor Brands also received a Hold from TR | OpenAI – 4o's Vince Stitcher in a report issued on July 30. However, on August 12, TR | OpenAI – 4o reiterated a Buy rating on Kontoor Brands (NYSE: KTB). Based on Kontoor Brands' latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $622.9 million and a net profit of $42.88 million. In comparison, last year the company earned a revenue of $631.15 million and had a net profit of $59.51 million
