Alnylam Pharma (ALNY) Received its Third Buy in a Row

After Cantor Fitzgerald and Piper Jaffray gave Alnylam Pharma (NASDAQ: ALNY) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Do Kim maintained a Buy rating on Alnylam Pharma today and set a price target of $126. The company’s shares opened today at $91.23.

According to TipRanks.com, Kim is a 5-star analyst with an average return of 18.3% and a 59.4% success rate. Kim covers the Healthcare sector, focusing on stocks such as Ionis Pharmaceuticals Inc, Vertex Pharmaceuticals, and Akcea Therapeutics Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alnylam Pharma with a $123.45 average price target, representing a 35.3% upside. In a report issued on April 10, Stifel Nicolaus also maintained a Buy rating on the stock with a $110 price target.

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The company has a one-year high of $124.22 and a one-year low of $60.27. Currently, Alnylam Pharma has an average volume of 803.3K.

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Alnylam Pharmaceuticals, Inc. operates as biopharmaceutical company, which engages in the discovery, development and commercialization of RNAi therapeutics. It is the translation of RNAi as a new class of innovative medicines with a core focus on RNAi therapeutics for the treatment of genetically defined diseases.

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