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JMP Securities Sticks to Their Buy Rating for Rallybio (RLYB)

JMP Securities analyst Jonathan Wolleben reiterated a Buy rating on Rallybio (RLYBResearch Report) today and set a price target of $36.00. The company’s shares opened today at $13.53.

Wolleben covers the Healthcare sector, focusing on stocks such as Altimmune, Intercept Pharma, and Ocular Therapeutix. According to TipRanks, Wolleben has an average return of -7.9% and a 36.03% success rate on recommended stocks.

Rallybio has an analyst consensus of Moderate Buy, with a price target consensus of $36.00.

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Based on Rallybio’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $17.58 million. In comparison, last year the company had a GAAP net loss of $11.13 million

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Rallybio Corp is a biopharmaceutical company committed to identifying and accelerating the development of life-transforming therapies for patients with severe and rare disorders. Its lead program is for the prevention of fetal and neonatal alloimmune thrombocytopenia, a potentially life-threatening rare disease that can cause uncontrolled bleeding in fetuses and newborns.

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