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Jefferies Thinks Gilead Sciences’ Stock is Going to Recover

Jefferies analyst Michael Yee maintained a Buy rating on Gilead Sciences (GILDResearch Report) yesterday and set a price target of $80.00. The company’s shares closed last Tuesday at $60.26, close to its 52-week low of $59.18.

According to TipRanks.com, Yee ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.6% and a 38.7% success rate. Yee covers the Healthcare sector, focusing on stocks such as Vertex Pharmaceuticals, Olema Pharmaceuticals, and Scholar Rock Holding.

Currently, the analyst consensus on Gilead Sciences is a Moderate Buy with an average price target of $73.44, which is a 22.5% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a $85.00 price target.

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Gilead Sciences’ market cap is currently $75.56B and has a P/E ratio of 12.21.

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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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