Neurocrine (NBIX) Receives a Buy from Canaccord Genuity
Canaccord Genuity analyst Sumant Kulkarni reiterated a Buy rating on Neurocrine yesterday and set a price target of $164.00. The company’s shares closed yesterday at $141.70.
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Kulkarni covers the Healthcare sector, focusing on stocks such as Neurocrine, ATAI Life Sciences, and Biogen. According to TipRanks, Kulkarni has an average return of 7.2% and a 44.61% success rate on recommended stocks.
In addition to Canaccord Genuity, Neurocrine also received a Buy from Truist Financial’s Danielle Brill in a report issued yesterday. However, on December 12, Mizuho Securities maintained a Hold rating on Neurocrine (NASDAQ: NBIX).
Based on Neurocrine’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $794.9 million and a net profit of $209.5 million. In comparison, last year the company earned a revenue of $622.1 million and had a net profit of $129.8 million
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