Chardan Capital Keeps a Buy Rating on Intercept Pharma (ICPT)

In a report released yesterday, Michael Morabito from Chardan Capital maintained a Buy rating on Intercept Pharma (ICPTResearch Report), with a price target of $45.00. The company’s shares closed last Friday at $21.66, close to its 52-week low of $21.47.

According to TipRanks.com, Morabito is a 1-star analyst with an average return of -4.8% and a 48.8% success rate. Morabito covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals, Viking Therapeutics, and Akero Therapeutics.

Intercept Pharma has an analyst consensus of Moderate Buy, with a price target consensus of $48.08, a 97.9% upside from current levels. In a report issued on February 25, Raymond James also maintained a Buy rating on the stock with a $52.00 price target.

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The company has a one-year high of $98.03 and a one-year low of $21.47. Currently, Intercept Pharma has an average volume of 1.09M.

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Intercept Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of novel therapeutics in treating chronic liver diseases. Its product pipeline is OCALIVA which is used for the treatment of primary biliary cholangitis, nonalcoholic steatohepatitis, primary sclerosing cholangitis, and biliary atresia. The company was founded by Mark E. Pruzanski and Roberto Pellicciari on September 4, 2002 and is headquartered in New York, NY.