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Barclays Sticks to Its Buy Rating for BioMarin Pharmaceutical (BMRN)

Tipranks - Thu Feb 26, 4:04AM CST

Barclays analyst Eliana Merle maintained a Buy rating on BioMarin Pharmaceutical today and set a price target of $80.00.

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According to TipRanks, Merle is a 4-star analyst with an average return of 4.4% and a 43.78% success rate. Merle covers the Healthcare sector, focusing on stocks such as Vertex Pharmaceuticals, BridgeBio Pharma, and Alnylam Pharma.

In addition to Barclays, BioMarin Pharmaceutical also received a Buy from TipRanks – Anthropic’s Anthropic Biotechnology in a report issued yesterday. However, on the same day, William Blair maintained a Hold rating on BioMarin Pharmaceutical (NASDAQ: BMRN).

Based on BioMarin Pharmaceutical’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $776.13 million and a GAAP net loss of $30.74 million. In comparison, last year the company earned a revenue of $745.74 million and had a net profit of $106.08 million

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