Stifel Nicolaus analyst Derek Archila reiterated a Buy rating on Apellis Pharmaceuticals (APLS – Research Report) today. The company’s shares closed last Wednesday at $63.20, close to its 52-week high of $66.07.
According to TipRanks.com, Archila is a 4-star analyst with an average return of 7.2% and a 44.1% success rate. Archila covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Madrigal Pharmaceuticals, and Phasebio Pharmaceuticals.
Apellis Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $77.33, representing a 22.0% upside. In a report issued on June 28, Needham also assigned a Buy rating to the stock with a $85.00 price target.
Apellis Pharmaceuticals’ market cap is currently $5.11B and has a P/E ratio of -13.70. The company has a Price to Book ratio of 98.87.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is neutral on the stock.
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Apellis Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company, which develops novel therapeutic compounds. It develops complement immunotherapies for the treatment of complement-dependent autoimmune and inflammatory diseases through APL-2 product. The company was founded by Candace Rose Depp, Pascal Deschatelets, Cedric Francois, Alec Machiels on September 25, 2009 and is headquartered in Waltham, MA.