Cowen & Co. Maintains a Buy Rating on Alnylam Pharma (ALNY)

In a report released today, Ritu Baral from Cowen & Co. maintained a Buy rating on Alnylam Pharma (ALNYResearch Report), with a price target of $154.00. The company’s shares closed last Monday at $118.44, close to its 52-week high of $125.72.

According to TipRanks.com, Baral is a 5-star analyst with an average return of 21.1% and a 50.3% success rate. Baral covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Milestone Pharmaceuticals, and Madrigal Pharmaceuticals.

Currently, the analyst consensus on Alnylam Pharma is a Strong Buy with an average price target of $137.73, a 21.5% upside from current levels. In a report released yesterday, Merrill Lynch also maintained a Buy rating on the stock with a $134.00 price target.

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Based on Alnylam Pharma’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $209 million. In comparison, last year the company had a GAAP net loss of $211 million.

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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.