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Albireo Pharma (ALBO) Received its Third Buy in a Row

After Wedbush and Jefferies gave Albireo Pharma (NASDAQ: ALBO) a Buy rating last month, the company received another Buy, this time from H.C. Wainwright. Analyst Ed Arce maintained a Buy rating on Albireo Pharma today and set a price target of $80.00. The company’s shares closed last Wednesday at $26.88.

According to TipRanks.com, Arce is a 5-star analyst with an average return of 13.2% and a 39.6% success rate. Arce covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals, Aurinia Pharmaceuticals, and Galmed Pharmaceuticals.

Currently, the analyst consensus on Albireo Pharma is a Strong Buy with an average price target of $77.00, which is a 180.4% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $72.00 price target.

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Based on Albireo Pharma’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.66 million and net profit of $57.09 million. In comparison, last year the company earned revenue of $2.13 million and had a GAAP net loss of $30.74 million.

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Albireo Pharma, Inc. is a pharmaceutical company, which engages in the development and commercialization of bile acid modulators for the treatment of orphan pediatric liver diseases and gastrointestinal disorders. Its product pipeline includes A4250, Elobixibat, and A3384. The company was founded by Jan Peter Mattsson and Per-Göran Gillberg on December 8, 2003 and is headquartered in Boston, MA.

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