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B.Riley Financial Remains a Buy on Altimmune (ALT)

B.Riley Financial analyst Mayank Mamtani reiterated a Buy rating on Altimmune (ALTResearch Report) today and set a price target of $26.00. The company’s shares closed yesterday at $9.98.

Mamtani covers the Healthcare sector, focusing on stocks such as Altimmune, Intercept Pharma, and Novavax. According to TipRanks, Mamtani has an average return of -31.3% and a 18.91% success rate on recommended stocks.

Currently, the analyst consensus on Altimmune is a Strong Buy with an average price target of $31.67, which is a 217.33% upside from current levels. In a report released on October 6, JMP Securities also reiterated a Buy rating on the stock with a $28.00 price target.

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Based on Altimmune’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8 thousand and a GAAP net loss of $20.11 million. In comparison, last year the company earned a revenue of $137 thousand and had a GAAP net loss of $24.83 million

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The Group is development stage company which intend to acquire an operating business, through a merger, capital stock exchange, asset acquisition or other similar business combination. The Group does not have any activities.

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