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SVB Securities Keeps Their Buy Rating on BioMarin Pharmaceutical (BMRN)

SVB Securities analyst Joseph Schwartz reiterated a Buy rating on BioMarin Pharmaceutical (BMRNResearch Report) on May 31. The company’s shares closed last Thursday at $75.70.

According to TipRanks.com, Schwartz ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -16.1% and a 24.8% success rate. Schwartz covers the Healthcare sector, focusing on stocks such as Applied Molecular Transport, Mereo Biopharma Group Plc, and Crinetics Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for BioMarin Pharmaceutical with a $113.57 average price target, representing a 52.4% upside. In a report issued on May 31, Piper Sandler also maintained a Buy rating on the stock with a $125.00 price target.

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The company has a one-year high of $94.20 and a one-year low of $71.59. Currently, BioMarin Pharmaceutical has an average volume of 1.21M.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BMRN in relation to earlier this year. Most recently, in April 2022, George Eric Davis, the EVP, Chief Legal Officer of BMRN bought 2,669 shares for a total of $99,981.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BioMarin Pharmaceutical, Inc. is a biotechnology company, which engages in the development and commercialization of therapies for people with serious and life-threatening rare diseases and medical conditions. Its pipeline include Vosoritide (BMN 111) for Achondroplasia and Valoctocogene Roxaparvovec (BMN 270) for Hemophilia A. The company was founded by John C. Klock, Christopher M. Starr and Grant W. Denison on March 21, 1997 and is headquartered in San Rafael, CA.

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