BTIG analyst Robert Hazlett maintained a Buy rating on Eiger Biopharmaceuticals (EIGR – Research Report) yesterday and set a price target of $48.00. The company’s shares closed yesterday at $6.04.
Hazlett covers the Healthcare sector, focusing on stocks such as Axsome Therapeutics, Eiger Biopharmaceuticals, and Homology Medicines. According to TipRanks, Hazlett has an average return of 3.3% and a 38.32% success rate on recommended stocks.
Currently, the analyst consensus on Eiger Biopharmaceuticals is a Strong Buy with an average price target of $35.00, implying a 479.47% upside from current levels. In a report released yesterday, Ladenburg Thalmann & Co. also maintained a Buy rating on the stock with a $28.00 price target.
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Based on Eiger Biopharmaceuticals’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.09 million and a GAAP net loss of $21.88 million. In comparison, last year the company earned a revenue of $2.1 million and had a GAAP net loss of $19.17 million
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Eiger BioPharmaceuticals, Inc is a clinical-stage biopharmaceutical company. It focuses on the development and commercialization of well-characterized drugs for life-threatening, rare and ultra-rare diseases with high unmet medical needs and no approved therapies. The company was founded by David A. Cory on November 6, 2008 and is headquartered in Palo Alto, CA.
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