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Rhythm Pharmaceuticals (RYTM) Receives a Buy from Jefferies

Tipranks - Tipranks - Sat Feb 28, 11:00AM CST

Jefferies analyst Dennis Ding maintained a Buy rating on Rhythm Pharmaceuticals today and set a price target of $125.00.

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Ding covers the Healthcare sector, focusing on stocks such as Amicus, Arbutus Biopharma, and Teva Pharmaceutical. According to TipRanks, Ding has an average return of 12.7% and a 55.71% success rate on recommended stocks.

In addition to Jefferies, Rhythm Pharmaceuticals also received a Buy from Citizens JMP’s Jonathan Wolleben in a report issued today. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Rhythm Pharmaceuticals (NASDAQ: RYTM).

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Based on Rhythm Pharmaceuticals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $57.25 million and a GAAP net loss of $52.88 million. In comparison, last year the company earned a revenue of $41.83 million and had a GAAP net loss of $43.29 million

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