B.Riley Financial Sticks to Its Buy Rating for Altimmune (ALT)

In a report released today, Mayank Mamtani from B.Riley Financial reiterated a Buy rating on Altimmune (ALTResearch Report), with a price target of $26.00. The company’s shares opened today at $12.21.

Mamtani covers the Healthcare sector, focusing on stocks such as Altimmune, Novavax, and Intercept Pharma. According to TipRanks, Mamtani has an average return of -30.4% and a 21.02% success rate on recommended stocks.

Currently, the analyst consensus on Altimmune is a Strong Buy with an average price target of $31.67.

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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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