Mizuho Securities Keeps Their Buy Rating on Coherus Biosciences (CHRS)

Mizuho Securities analyst Salim Syed maintained a Buy rating on Coherus Biosciences (CHRSResearch Report) today and set a price target of $21.00. The company’s shares closed today at $7.10.

According to TipRanks, Syed is an analyst with an average return of -16.6% and a 35.16% success rate. Syed covers the Healthcare sector, focusing on stocks such as Cytokinetics, Biogen, and Coherus Biosciences.

Coherus Biosciences has an analyst consensus of Strong Buy, with a price target consensus of $18.20.

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Based on Coherus Biosciences’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $45.42 million and a GAAP net loss of $86.65 million. In comparison, last year the company earned a revenue of $82.5 million and had a GAAP net loss of $38.53 million

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Coherus BioSciences, Inc. is a commercial-stage clinical biologics platform company, which engages in the development and commercialization of biosimilar therapeutics. Its clinical products include pegfilgrastim biosimilar, adalimumab biosimilar, etanercept biosimilar, ranibizumab biosimilar, and aflibercept biosimilar. The company was founded by Dennis M. Lanfear, Stuart E. Builder, Dr. Alan Herman, Doug Farrar and Steve Glover in September 2010 and is headquartered in Redwood City, CA.

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