Mizuho Securities Believes Arcutis Biotherapeutics (ARQT) Still Has Room to Grow

In a report released today, Uy Ear from Mizuho Securities maintained a Buy rating on Arcutis Biotherapeutics (ARQTResearch Report), with a price target of $57.00. The company’s shares closed last Friday at $24.07, close to its 52-week high of $26.13.

According to TipRanks.com, Ear is a 3-star analyst with an average return of 7.2% and a 62.5% success rate. Ear covers the Healthcare sector, focusing on stocks such as Sarepta Therapeutics, Alkermes, and uniQure.

Currently, the analyst consensus on Arcutis Biotherapeutics is a Strong Buy with an average price target of $47.75.

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Arcutis Biotherapeutics’ market cap is currently $1.2B and has a P/E ratio of -5.00.

Based on the recent corporate insider activity of 59 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 ARQT in relation to earlier this year.

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Arcutis Biotherapeutics, Inc. engages in the development and commercialization of treatments for dermatological diseases. Its piepline consists of topical treatments for plaque psoriasis, atopic dermatitis, eczema, vitiligo, alopecia areata, and seborrheic dermatitis. The company was founded by Bhaskar Chaudhuri and David W. Osborne on June 1, 2016 and is headquartered in Westlake Village, CA.

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