Cowen & Co. Sticks to Their Hold Rating for Akcea Therapeutics (AKCA)

By Carrie Williams

Cowen & Co. analyst Ritu Baral maintained a Hold rating on Akcea Therapeutics (AKCAResearch Report) today. The company’s shares closed last Monday at $20.04.

According to, Baral is a 5-star analyst with an average return of 21.0% and a 46.1% success rate. Baral covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Milestone Pharmaceuticals, and Madrigal Pharmaceuticals.

Akcea Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $40.50.

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Based on Akcea Therapeutics’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $37.32 million. In comparison, last year the company had a GAAP net loss of $63.59 million.

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Akcea Therapeutics, Inc. engages in the development and marketing of drugs globally to treat patients with rare and serious diseases using antisense technology. Its primary focus is developing TEGSEDI, a therapy that treats the polyneuropathy caused by hereditary transthyretin-mediated amyloidosis in adults.