5 Pharma Analyst Targets and the Most Bullish Case for Each

* In the first quarter of 2022, we made good progress on our strategic objectives for the year,” said Dr Venkatesan. “Analyst Targets for AbbVie (NYSE: ABBV), Angion Biomedica Corp. (NASDAQ:ANGN), CorMedix Inc. (NASDAQ: CRMD), Moderna, Inc. (NASDAQ: ARNM), and Pfizer (NYSE: PFE); the higher the case the more bullish for each.

Denver, Colorado. – Among AbbVie (NYSE: ABBV) analyst ratings as of May 26, AbbVie received 5 Strong Buy, 14 Buy, 7 Hold, and no Underperform or Sell, for a rating of 3.9 out of 5 stars (on the based on average ratings of 5 stars for a strong buy rating, 4 stars for a buy rating, 3 stars for a hold rating, 2 stars for an underperform rating, and 1 star for a sell rating) .

AbbVie closed Friday at $143.20 and has an analyst midpoint price target of $163.01with a high target price of $200.00 and one $135.00 Down.

AbbVie’s catalysts are numerous enough that Evaluate Pharma’s extended consensus forecast predicts it will reach $65.7 billion in prescription drug sales and become the largest pharmaceutical company by 2028.

“While Abbvie will no longer cum $20 billion-plus sales per year of Humira after 2023, a fairly long demand is expected for the anti-TNF drug for rheumatoid arthritis. Those sales, along with growing contributions from Jak’s inhibitor Rinvoq, psoriasis product Skyrizi and cancer drug Venclexta, are enough to create a very narrow lead over its second-place rival. rock.

“These figures are of course based on estimates made by sellside analysts and collated by Evaluate Pharma. In the case of Abbvie, whether this forecast advantage will continue will depend on the company’s success in rolling out Rinvoq and Skyrizi in new indications. “

More information: https://www.evaluate.com/vantage/articles/insights/other-data/abbvie-become-biggest-pharmas-2028

Angion Biomedica Corp. (NASDAQ: ANGN) closed Friday at $1.74. Its two Strong Buy ratings and two Buy ratings average 4.5 out of 5; the highest of the five companies mentioned here.

Angion Biomedica closed Friday at $1.74 and, based on the current price versus the highest target price method, the $28.00 the high price target represents the greatest potential upside percentage of all the companies mentioned here. Its average target price is $13.67with $5.00 being the lowest. The most recent coverage is HC Wainwright & Co.which maintains its buy rating.

dr. Jay Venkatesan, Angion Biomedica CEO and President, recently purchased $101,000 value of his company’s shares, adding almost 6% to his position and bringing his total to more than 1.7 million shares. Angion is focused on the discovery, development and commercialization of novel small molecule therapies to treat fibrotic diseases and highlights from its recent Q1 2022 report include that it had $73 million in cash and cash equivalents, at March 31, 2022which should be sufficient to fund planned operations through 2023. Based on Friday’s close, Angion’s market capitalization is $52.128 million.

“In the first quarter of 2022, we made good progress on our strategic objectives for the year,” said Dr Venkatesan. Angion’s stated strategic goals for 2022 are to develop ANG-3070 for the treatment of patients with primary proteinuric kidney disease (PPKD), including focal segmental glomerular sclerosis (FSGS) and IgA nephropathy (IgAN), which are in Angion’s JUNIPER Phase 2 trial; to develop ANG-3070 for the treatment of patients with idiopathic pulmonary fibrosis (IPF), with expected IND filing in IPF by the end of 2022; and designate a lead compound and initiate IND-enabling studies for one or more of the preclinical rho kinase 2 (ROCK2) or CYP11B2 (aldosterone synthase) inhibitor programs.

The three analysts who cover CorMedix Inc. (NASDAQ: CRMD) agree this is a buy. Of the companies mentioned here, CorMedix at the highest rise, using the percentage difference between the current $2.94 price and $22.00 analyst’s average price target method. The low price target is $19.00 and the top is $27.00.

Its three buy ratings score 4 out of 5.

CorMedix reported FDA acceptance of a new submission for DefenCath on March 28, 2022so, assuming the FDA meets the six-month review, late September could be very telling, especially given the $115.023 million market capitalization.

Moderna, Inc. (NASDAQ: MRNA) has twenty analysts covering 3 strong buys, 7 buys, 9 holds and 1 underperformer. The average rating is 3.6 out of 5. The last call to analysts was SVB Leerink maintenance of its underperformance rating on June 7, 2022.

Moderna analysts range from a lofty price target of $506.00which represents the largest potential dollar upside of any company mentioned here, relative to its $127.12 the last price. However, his $70.00 The low price target represents the only significant loss of all the companies mentioned here.

A committee of FDA scientists will meet this week to vote on whether to recommend licensing a vaccine for use in children ages 6 months to 17 years. Modern reported $34.02 earnings per share for the most recent quarter and has a PE ratio of 3.74.

Pfizer’s (NYSE: PFE) analysts reported 4 strong buys, 9 buys and 13 holds, for an average of 3.65 out of 5 stars.

Based on Friday $49.97 close is less than $1 above his lowest goal, while his $75.00 the high target represents a 50% gain from this level.

Like their Modern data they released on Friday, the FDA Administration Staff reviewers said yesterday that Pfizer-BioNTech’s COVID-19 vaccines revealed no new safety issues related to the use of the vaccine in young children. Pfizer reported $4.36 earnings per share for the most recent quarter and has a PE ratio of 11.45.

Caution Regarding Forward-Looking Information

Statements in this press release regarding the future of the Company and expectations other than historical fact are “forward-looking statements.” These statements are made based on management’s current beliefs and assumptions. Accordingly, there can be no assurance that management’s expectations will necessarily be realized. These forward-looking statements can generally be identified by expressions such as “believes”, “plans”, “expects”, “anticipates”, “expects”, “estimates”, “hopes”, “if”, “develops”. , “seeking”, “seeking”, “pilot”, “potential”, “could” or other words or phrases of similar significance. Forward-looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All of these forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

DISCLAIMER:

24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various under-reported segments of the stock markets. Our aim is to help you better understand these markets, but 24/7 MN is not an investment or financial adviser, and nothing provided herein should be construed as a suggestion to buy or sell any shares or other investment products. Any opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

The materials contained in this release are informational and should never be considered research. You should exercise due diligence by reading all publicly available information. This release is a public company statement and is believed to be reliable. The publisher and an affiliate own ANGN stock purchased on the open market. The publisher will not trade in the market and, if this changes within the next 30 days, will update its intention to do so. 24/7 makes no representations or warranties as to the completeness of the materials provided and are subject to change without notice. 24/7 is not responsible for any gains or losses arising from our opinions or coverage expressed in our emails or on our site and readers are cautioned that investing involves risk and you may lose all or any part of your money.

Contact: [email protected]

Please see www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for more information.

Media Contact

Company Last name: 24/7 Market News

Contact person: Editor

Email: [email protected]

Phone: 720.288.8495

Country: United States

Website: https://www.247marketnews.com/

Source: www.abnewswire.com

.