Wedbush Keeps a Buy Rating on Intercept Pharma (ICPT)

Wedbush analyst Liana Moussatos reiterated a Buy rating on Intercept Pharma (ICPTResearch Report) today and set a price target of $257.00. The company’s shares closed last Monday at $68.65.

According to, Moussatos is ranked 0 out of 5 stars with an average return of -21.6% and a 24.3% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Catabasis Pharmaceuticals, Global Blood Therapeutics, and Eiger Biopharmaceuticals.

Currently, the analyst consensus on Intercept Pharma is a Strong Buy with an average price target of $151.50, which is a 142.7% upside from current levels. In a report issued on March 13, B.Riley FBR also maintained a Buy rating on the stock with a $158.00 price target.

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The company has a one-year high of $125.00 and a one-year low of $47.57. Currently, Intercept Pharma has an average volume of 581.3K.

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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.