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J.P. Morgan Sticks to Their Hold Rating for Aligos Therapeutics (ALGS)

In a report released today, Eric Joseph from J.P. Morgan maintained a Hold rating on Aligos Therapeutics (ALGSResearch Report), with a price target of $5.00. The company’s shares closed last Wednesday at $1.24, close to its 52-week low of $1.16.

According to TipRanks.com, Joseph is a 1-star analyst with an average return of -3.7% and a 44.2% success rate. Joseph covers the Healthcare sector, focusing on stocks such as Black Diamond Therapeutics, Karyopharm Therapeutics, and Enanta Pharmaceuticals.

The word on The Street in general, suggests a Hold analyst consensus rating for Aligos Therapeutics with a $7.33 average price target, implying a 495.9% upside from current levels. In a report released today, SVB Securities also downgraded the stock to Hold with a $3.00 price target.

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Aligos Therapeutics’ market cap is currently $52.94M and has a P/E ratio of -0.39.

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Aligos Therapeutics Inc is a clinical-stage biopharmaceutical company. The company is engaged in developing novel therapeutics to address unmet medical needs in viral and liver diseases, including chronic hepatitis B and coronaviruses, and therapeutics for nonalcoholic steatohepatitis (NASH).

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