Biohaven Pharmaceutical Holding Co Ltd (BHVN) Earns Buy Rating from Needham & Company LLC
Biohaven Pharmaceutical Holding Co Ltd (NASDAQ:BHVN)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday. They presently have a $43.00 price objective on the stock, up from their previous price objective of $30.00. Needham & Company LLC’s target price points to a potential upside of 13.13% from the stock’s previous close.
A number of other brokerages also recently issued reports on BHVN. Zacks Investment Research raised Biohaven Pharmaceutical Holding Co from a “sell” rating to a “hold” rating in a report on Friday, September 8th. BidaskClub raised Biohaven Pharmaceutical Holding Co from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 7th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $54.00 price target on shares of Biohaven Pharmaceutical Holding Co in a report on Tuesday. Morgan Stanley began coverage on Biohaven Pharmaceutical Holding Co in a report on Wednesday, May 31st. They issued an “overweight” rating for the company. Finally, William Blair began coverage on Biohaven Pharmaceutical Holding Co in a report on Tuesday, May 30th. They issued an “outperform” rating and a $46.00 price target for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.25.
Biohaven Pharmaceutical Holding Co (NASDAQ BHVN) opened at 38.33 on Wednesday. Biohaven Pharmaceutical Holding Co has a 12 month low of $17.00 and a 12 month high of $38.86. The company has a 50 day moving average of $29.66 and a 200 day moving average of $25.95. The stock’s market capitalization is $1.38 billion.
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Biohaven Pharmaceutical Holding Co Company Profile
Biohaven Pharmaceutical Holding Company Ltd. is a United States-based biopharmaceutical company. The Company is engaged in the identification and development of clinical-stage compounds targeting orphan neurologic indications and other neurological pathways. It has a portfolio of multiple late-stage drug candidates.
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