Mizuho Securities Thinks Revance Therapeutics’ Stock is Going to Recover

Mizuho Securities analyst Difei Yang maintained a Buy rating on Revance Therapeutics (RVNCResearch Report) today and set a price target of $42. The company’s shares closed yesterday at $19.73, close to its 52-week low of $17.16.

Yang commented:

“We account for Cervical Dystonia (assigned 90% PoS) and Plantar Fasciitis (applied 20% PoS) in our model.”

According to TipRanks.com, Yang is a 5-star analyst with an average return of 15.7% and a 45.8% success rate. Yang covers the Healthcare sector, focusing on stocks such as Nightstar Therapeutics Limited, Xeris Pharmaceuticals Inc, and Alder Biopharmaceuticals.

Currently, the analyst consensus on Revance Therapeutics is a Strong Buy with an average price target of $44.33.

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Based on Revance Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $32.83 million. In comparison, last year the company had a GAAP net loss of $35.91 million.

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Revance Therapeutics, Inc. is a clinical stage biopharmaceutical company. It is engaged in the development, manufacturing, and commercialization of novel botulinum toxin products for multiple aesthetic, and therapeutic applications.

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