Piper Sandler Reaffirms Their Buy Rating on Regeneron (REGN)
Piper Sandler analyst Biren Amin maintained a Buy rating on Regeneron today and set a price target of $875.00.
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Amin covers the Healthcare sector, focusing on stocks such as Ocular Therapeutix, Sarepta Therapeutics, and Crescent Biopharma. According to TipRanks, Amin has an average return of 7.8% and a 45.88% success rate on recommended stocks.
In addition to Piper Sandler, Regeneron also received a Buy from Bernstein’s William Pickering in a report issued on April 8. However, yesterday, Wells Fargo maintained a Hold rating on Regeneron (NASDAQ: REGN).
Based on Regeneron’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.88 billion and a net profit of $844.6 million. In comparison, last year the company earned a revenue of $3.79 billion and had a net profit of $917.7 million
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