J.P. Morgan Keeps Their Hold Rating on Incyte (INCY)

In a report issued on February 9, Cory Kasimov from J.P. Morgan maintained a Hold rating on Incyte (INCYResearch Report), with a price target of $86.00. The company’s shares closed last Thursday at $66.90.

According to TipRanks.com, Kasimov is a 5-star analyst with an average return of 18.8% and a 55.7% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as Cerevel Therapeutics Holdings, Ultragenyx Pharmaceutical, and BioMarin Pharmaceutical.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Incyte with a $90.00 average price target, which is a 33.8% upside from current levels. In a report issued on February 9, Stifel Nicolaus also maintained a Hold rating on the stock with a $75.00 price target.

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Incyte’s market cap is currently $14.81B and has a P/E ratio of 15.66.

Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INCY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incyte Corp. is a biopharmaceutical company, which engages in the discovery, development and commercialization of proprietary therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late stage development, and commercialized products such as JAKAFI (ruxolitinib), and ICLUSIG (ponatinib). The company was founded by Roy A. Whitfield in April 1991 and is headquartered in Wilmington, DE.

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