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Canaccord Genuity Remains a Buy on Regeneron (REGN)

Tipranks - Tue Feb 24, 7:48AM CST

Canaccord Genuity analyst John Newman maintained a Buy rating on Regeneron today and set a price target of $1,057.00.

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Newman covers the Healthcare sector, focusing on stocks such as Arcellx Inc, Regeneron, and Compass Therapeutics. According to TipRanks, Newman has an average return of -0.5% and a 39.39% success rate on recommended stocks.

In addition to Canaccord Genuity, Regeneron also received a Buy from Citi’s Geoff Meacham in a report issued on February 18. However, on February 10, RBC Capital 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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