Exelixis (EXEL) is Reiterated by Stifel to Buy, Raises Price Target to $ 8

Exelixis (EXEL) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 8 from a previous price target of $7 . Stifel advised their investors in a research report released on Apr 26, 2016.

Many Wall Street Analysts have commented on Exelixis. Stifel Upgraded Exelixis on Apr 4, 2016 to ” Buy”, Price Target of the shares are set at $7.

On the company’s financial health, Exelixis reported $-0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 29, 2016. Analyst had a consensus of $-0.22. The company had revenue of $9.94 million for the quarter, compared to analysts expectations of $8.15 million. The company’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.30 EPS.

Exelixis closed down -0.11 points or -2.43% at $4.41 with 38,85,585 shares getting traded on Friday. Post opening the session at $4.52, the shares hit an intraday low of $4.25 and an intraday high of $4.58 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Dec 11, 2015, Lance Willsey (director) purchased 100,000 shares at $4.89 per share price. According to the SEC, on Oct 19, 2015, Peter Lamb (EVP, Discovery Research & CSO) sold 51,549 shares at $5.80 per share price.

Exelixis Inc. is a biopharmaceutical company. The Company is engaged in developing small molecule therapies for the treatment of cancer. The Company is focusing on resources development and commercialization of COMETRIQ (cabozantinib) for the treatment of progressive metastatic medullary thyroid cancer (MTC) in the United States. The Company’s other programs include metastatic renal cell carcinoma (mRCC) a phase III trial comparing cabozantinib to everolimus in patients with mRCC who have experienced disease progression following treatment with at least one prior VEGFR TKI; CELESTIAL a phase III trial comparing cabozantinib with placebo in patients with advanced hepatocellular cancer (HCC) who have previously been treated with sorafenib; NSCLC (non-small cell lung cancer); mCRPC (metastatic castration-resistant prostate cancer) and XL888 a small molecule oral inhibitor of Heat Shock Protein 90 (HSP90).


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