Piper Sandler analyst Yasmeen Rahimi maintained a Buy rating on Lexicon Pharmaceuticals (LXRX – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $2.93.
Rahimi covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals, Crinetics Pharmaceuticals, and CymaBay Therapeutics. According to TipRanks, Rahimi has an average return of 10.8% and a 40.86% success rate on recommended stocks.
Lexicon Pharmaceuticals has an analyst consensus of Moderate Buy, with a price target consensus of $7.00.
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The company has a one-year high of $3.79 and a one-year low of $0.92. Currently, Lexicon Pharmaceuticals has an average volume of 3M.
Based on the recent corporate insider activity of 29 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 LXRX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lexicon Pharmaceuticals (LXRX) Company Description:
Lexicon Pharmaceuticals, Inc. engages in the discovery, development, and commercialization of pharmaceutical products for the treatment of human disease. It drug candidates include XERMELO, Sotagliflozin, LX2761, and LX9211. The company was founded by Brian P. Zambrowicz and Arthur T. Sands on July 7, 1995 and is headquartered in The Woodlands, TX.
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