Evercore ISI Keeps Their Buy Rating on Cytokinetics (CYTK)

In a report released today, Cory Kasimov from Evercore ISI maintained a Buy rating on Cytokinetics, with a price target of $80.00.

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According to TipRanks, Kasimov is a 5-star analyst with an average return of 15.8% and a 56.82% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as Zenas BioPharma, Inc., Beam Therapeutics, and Neurocrine.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cytokinetics with a $93.08 average 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 15,000.00 shares for a total of $928,950.00.