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Arcutis Biotherapeutics (ARQT) Receives a Buy from Mizuho Securities

Mizuho Securities analyst Uy Ear reiterated a Buy rating on Arcutis Biotherapeutics (ARQTResearch Report) today and set a price target of $58.00. The company’s shares closed last Friday at $17.41, close to its 52-week low of $14.16.

According to TipRanks.com, Ear is a 1-star analyst with an average return of -11.2% and a 28.6% success rate. Ear covers the Healthcare sector, focusing on stocks such as Sarepta Therapeutics, Avrobio, and uniQure.

Arcutis Biotherapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $46.50.

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The company has a one-year high of $38.49 and a one-year low of $14.16. Currently, Arcutis Biotherapeutics has an average volume of 176.8K.

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Arcutis Biotherapeutics, Inc. engages in the development and commercialization of treatments for dermatological diseases. Its piepline consists of topical treatments for plaque psoriasis, atopic dermatitis, eczema, vitiligo, alopecia areata, and seborrheic dermatitis. The company was founded by Bhaskar Chaudhuri and David W. Osborne on June 1, 2016 and is headquartered in Westlake Village, CA.

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