Robert W. Baird analyst Brian Skorney maintained a Hold rating on Gilead Sciences (GILD – Research Report) on March 30 and set a price target of $63.00. The company’s shares closed last Thursday at $59.45, close to its 52-week low of $57.19.
According to TipRanks.com, Skorney has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -4.4% and a 43.5% success rate. Skorney covers the Healthcare sector, focusing on stocks such as Eiger Biopharmaceuticals, Vertex Pharmaceuticals, and Enanta Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gilead Sciences with a $71.24 average price target, a 18.8% upside from current levels. In a report issued on March 22, Wells Fargo also maintained a Hold rating on the stock with a $63.00 price target.
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Based on Gilead Sciences’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.24 billion and net profit of $382 million. In comparison, last year the company earned revenue of $7.42 billion and had a net profit of $1.55 billion.
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Founded in 1987, California-based Gilead Sciences, Inc. is a biopharmaceutical company, which focuses on the research, development, and commercialization of antiviral drugs used in the treatment of diseases like human immunodeficiency virus (HIV), hepatitis B, hepatitis C, and influenza, including Harvoni and Sovaldi. It offers its products under brands including Harvoni, Genvoya, Epclusa, Truvada, Atripla, Descovy, Stribild, Viread, Odefsey, Complera/Eviplera, Sovaldi, and Vosevi.
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