In a report released on October 27, Brian Skorney from Robert W. Baird maintained a Buy rating on Eiger Biopharmaceuticals (EIGR – Research Report), with a price target of $29.00. The company’s shares closed last Friday at $5.12.
According to TipRanks, Skorney is an analyst with an average return of -5.3% and a 44.47% success rate. Skorney covers the Healthcare sector, focusing on stocks such as Eiger Biopharmaceuticals, Amgen, and Biogen.
Eiger Biopharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $35.00.
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Based on Eiger Biopharmaceuticals’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.09 million and a GAAP net loss of $21.88 million. In comparison, last year the company earned a revenue of $2.1 million and had a GAAP net loss of $19.17 million
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Eiger BioPharmaceuticals, Inc is a clinical-stage biopharmaceutical company. It focuses on the development and commercialization of well-characterized drugs for life-threatening, rare and ultra-rare diseases with high unmet medical needs and no approved therapies. The company was founded by David A. Cory on November 6, 2008 and is headquartered in Palo Alto, CA.
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