J.P. Morgan analyst Anupam Rama maintains $Amicus Therapeutics (FOLD.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 46.9% and a total average return of 3.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Amicus Therapeutics (FOLD.US)$'s main analysts recently are as follows:
Amicus's third quarter revenues surpassed market expectations, recording $120.4M in Galafold sales in addition to $21.1M in purchase order sales. Following these results, adjustments were made to the quarterly model and updated guidance was factored in. Additionally, the forecast now extends to the year 2025 and the cost of goods sold has been revised upward in accordance with management's comments regarding inventory expenses for P+O.
Following a quarter where sales exceeded expectations, and the management team lifted its full-year guidance for Galafold and Pombiliti, the narrative surrounding Amicus could be very attractive to various potential acquirers in the year 2025.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
