Wedbush Thinks Aimmune Therapeutics’ Stock is Going to Recover

Wedbush analyst Liana Moussatos reiterated a Buy rating on Aimmune Therapeutics (AIMTResearch Report) today and set a price target of $79. The company’s shares opened today at $20.07, close to its 52-week low of $19.25.

According to TipRanks.com, Moussatos has 0 stars on 0-5 star ranking scale with an average return of -9.2% and a 32.5% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as BioMarin Pharmaceutical Inc., Aquestive Therapeutics Inc, and Allena Pharmaceuticals Inc.

Currently, the analyst consensus on Aimmune Therapeutics is a Strong Buy with an average price target of $52.50, a 161.6% upside from current levels. In a report issued on June 4, JMP Securities also maintained a Buy rating on the stock with a $40 price target.

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Based on Aimmune Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $54.27 million. In comparison, last year the company had a GAAP net loss of $49.5 million.

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Aimmune Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the research and development of desensitization treatments for peanut and other food allergies. Its portfolio includes the characterized oral desensitization immunotherapy system. The company was founded on June 24, 2011 and is headquartered in Brisbane, CA.