Wells Fargo Sticks to Their Buy Rating for Gilead Sciences (GILD)
Wells Fargo analyst Mohit Bansal maintained a Buy rating on Gilead Sciences yesterday and set a price target of $165.00. The company’s shares closed yesterday at $140.45.
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Bansal covers the Healthcare sector, focusing on stocks such as Merck & Company, Pfizer, and Eli Lilly & Co. According to TipRanks, Bansal has an average return of 9.5% and a 56.87% success rate on recommended stocks.
In addition to Wells Fargo, Gilead Sciences also received a Buy from Scotiabank’s Louise Chen in a report issued on April 13. However, on April 7, Goldman Sachs maintained a Hold rating on Gilead Sciences (NASDAQ: GILD).
Based on Gilead Sciences’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.93 billion and a net profit of $2.18 billion. In comparison, last year the company earned a revenue of $7.57 billion and had a net profit of $1.78 billion
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