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Wedbush Believes Albireo Pharma (ALBO) Still Has Room to Grow

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In a report released today, Andreas Argyrides from Wedbush reiterated a Buy rating on Albireo Pharma (ALBOResearch Report), with a price target of $75.00. The company’s shares closed last Wednesday at $36.85, close to its 52-week high of $37.86.

According to TipRanks.com, Argyrides is a 1-star analyst with an average return of -12.5% and a 36.4% success rate. Argyrides covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Clearside Biomedical, and Kala Pharmaceuticals.

Currently, the analyst consensus on Albireo Pharma is a Strong Buy with an average price target of $74.75, which is an 113.0% upside from current levels. In a report issued on March 29, H.C. Wainwright also maintained a Buy rating on the stock with a $80.00 price target.

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Albireo Pharma’s market cap is currently $679.4M and has a P/E ratio of -19.01.

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Albireo Pharma, Inc. is a pharmaceutical company, which engages in the development and commercialization of bile acid modulators for the treatment of orphan pediatric liver diseases and gastrointestinal disorders. Its product pipeline includes A4250, Elobixibat, and A3384. The company was founded by Jan Peter Mattsson and Per-Göran Gillberg on December 8, 2003 and is headquartered in Boston, MA.

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