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Biogen (BIIB) Gets a Hold Rating from Mizuho Securities

Mizuho Securities analyst Salim Syed maintained a Hold rating on Biogen (BIIBResearch Report) today and set a price target of $207.00. The company’s shares closed last Friday at $215.06.

According to TipRanks.com, Syed has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -17.7% and a 35.1% success rate. Syed covers the Healthcare sector, focusing on stocks such as Atara Biotherapeutics, Assembly Biosciences, and Coherus Biosciences.

Biogen has an analyst consensus of Moderate Buy, with a price target consensus of $236.83, which is an 11.4% upside from current levels. In a report issued on July 20, Piper Sandler also maintained a Hold rating on the stock with a $200.00 price target.

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Based on Biogen’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.59 billion and net profit of $1.06 billion. In comparison, last year the company earned revenue of $2.78 billion and had a net profit of $449 million.

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Incorporated in 1978, Massachusetts-based Biogen, Inc. is a biopharmaceutical company, which discovers, develops, and delivers therapies for the treatment of neurological and neurodegenerative diseases. It offers TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, VUMERITY, and FAMPYRA for the treatment of multiple sclerosis; SPINRAZA for the treatment of spinal muscular atrophy; and FUMADERM for the treatment of severe plaque psoriasis.

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