Mizuho Securities Reaffirms Their Hold Rating on Audentes Therapeutics (BOLD)

By Ryan Adsit

Mizuho Securities analyst Difei Yang maintained a Hold rating on Audentes Therapeutics (BOLDResearch Report) today and set a price target of $60.00. The company’s shares closed last Monday at $59.40, close to its 52-week high of $59.68.

According to TipRanks.com, Yang is a 1-star analyst with an average return of -1.5% and a 40.4% success rate. Yang covers the Healthcare sector, focusing on stocks such as Xeris Pharmaceuticals, Revance Therapeutics, and Nektar Therapeutics.

The word on The Street in general, suggests a Hold analyst consensus rating for Audentes Therapeutics with a $60.00 average price target, a 1.0% upside from current levels. In a report issued on December 3, Robert W. Baird also upgraded the stock to Hold with a $60.00 price target.

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Based on Audentes Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $45.74 million. In comparison, last year the company had a GAAP net loss of $36.29 million.

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Audentes Therapeutics, Inc. is a biotechnology company, which engages on development and commercialization of gene therapy products for patients with serious and rare diseases caused by single gene defects. Its products include AT001 for the treatment of X-Linked Myotubular Myopathy, AT002 for the treatment of Pompe disease, and AT003 for the treatment of Catecholaminergic Polymorphic Ventricular Tachycardia. The company was founded by Matthew R. Patterson and Thomas J. Schuetz on November 13, 2012 and is headquartered in San Francisco, CA.