RBC Capital Reaffirms Their Buy Rating on Cytokinetics (CYTK)

In a report released on January 21, Leonid Timashev from RBC Capital maintained a Buy rating on Cytokinetics, with a price target of $95.00. The company’s shares closed yesterday at $63.04.

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Timashev covers the Healthcare sector, focusing on stocks such as Cytokinetics, Exelixis, and Axsome Therapeutics. According to TipRanks, Timashev has an average return of 21.2% and a 56.88% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cytokinetics with a $91.07 average price target, which is a 44.46% upside from current levels. In a report released on January 21, B. Riley Securities also maintained a Buy rating on the stock with a $108.00 price target.

Based on Cytokinetics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.94 million and a GAAP net loss of $306.18 million. In comparison, last year the company earned a revenue of $463 thousand and had a GAAP net loss of $160.55 million

Based on the recent corporate insider activity of 155 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CYTK in relation to earlier this year. Earlier this month, Andrew Callos, the EVP & CCO of CYTK sold 1,798.00 shares for a total of $112,584.77.