In a report released today, Balaji Prasad from Barclays assigned a Buy rating to Revance Therapeutics (RVNC – Research Report), with a price target of $10.00. The company’s shares closed yesterday at $4.38.
Prasad covers the Healthcare sector, focusing on stocks such as Zoetis, Amneal Pharmaceuticals, and Jazz Pharmaceuticals. According to TipRanks, Prasad has an average return of 2.5% and a 44.86% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Revance Therapeutics with a $16.56 average price target.
The company has a one-year high of $37.98 and a one-year low of $3.21. Currently, Revance Therapeutics has an average volume of 1.85M.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RVNC 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.
Revance Therapeutics (RVNC) Company Description:
Revance Therapeutics, Inc. is a clinical stage biotechnology company. It engages in the development, manufacturing, and commercialization of novel botulinum toxin products for multiple aesthetic and therapeutic applications. The firm focuses on production of daxibotulinumtoxinA, a botulinum toxin, for aesthetic and therapeutic indications, including facial wrinkles and muscle movement disorders. The company was founded by Jacob M. Waugh and L. Daniel Browne on August 10, 1999 and is headquartered in Newark, CA.
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