Leerink Partners analyst Marc Goodman reiterated a Buy rating on Zogenix (NASDAQ:ZGNX) on Thursday, setting a price target of $42, which is approximately 100.48% above the present share price of $20.95.
Goodman expects Zogenix to post earnings per share (EPS) of -$1.08 for the first quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Zogenix, with an average price target of $49.67.
The analysts price targets range from a high of $65 to a low of $25.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.86 million and a net profit of -$58.26 million. The company's market cap is $1.18 billion.
According to TipRanks.com, Leerink Partners analyst Marc Goodman is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.9% and a 49.77% success rate.
Zogenix, Inc. is a pharmaceutical company. It engages in the development and commercialization of central nervous system (CNS) therapies and products for the treatment orphan diseases and other CNS disorders. Its products include ZX008 and Relday. The company was founded by Stephen James Farr, Cam L. Garner, Roger L. Hawley, Bret E. Megargel, Jonathan M. N. Rigby, Scott L. Glenn, and John J. Turanin on May 11, 2006 and is headquartered in Emeryville, CA.