In a report released today, Gaurav Goparaju from Berenberg Bank maintained a Buy rating on AbCellera Biologics (ABCL – Research Report), with a price target of $38.00. The company’s shares closed today at $7.02.
Goparaju covers the Technology sector, focusing on stocks such as PhenomeX, Certara, and Schrodinger. According to TipRanks, Goparaju has an average return of -18.0% and a 32.47% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for AbCellera Biologics with a $25.50 average price target.
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ABCL market cap is currently $1.91B and has a P/E ratio of -38.67.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ABCL in relation to earlier this year. Earlier this month, Lecault Veronique, the COO of ABCL bought 250,000.00 shares for a total of $47,500.00.
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AbCellera Biologics Inc is a biotechnology company. The company develops antibodies to treat highly infectious diseases and various other types of diseases.
