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Oppenheimer Sticks to Their Buy Rating for Alnylam Pharma (ALNY)

Tipranks - Fri Jan 9, 4:00AM CST

Oppenheimer analyst Kostas Biliouris maintained a Buy rating on Alnylam Pharma yesterday and set a price target of $500.00. The company’s shares closed yesterday at $422.50.

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According to TipRanks, Biliouris is a 2-star analyst with an average return of 0.2% and a 41.18% success rate. Biliouris covers the Healthcare sector, focusing on stocks such as Alnylam Pharma, Sarepta Therapeutics, and Legend Biotech.

Currently, the analyst consensus on Alnylam Pharma is a Strong Buy with an average price target of $498.42, a 17.97% upside from current levels. In a report released on January 5, Bernstein also maintained a Buy rating on the stock with a $491.00 price target.

Based on Alnylam Pharma’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.25 billion and a net profit of $251.08 million. In comparison, last year the company earned a revenue of $500.92 million and had a GAAP net loss of $111.57 million

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