Needham analyst Serge Belanger maintained a Buy rating on Revance Therapeutics (NASDAQ:RVNC) on Wednesday, setting a price target of $45, which is approximately 120.05% above the present share price of $20.45.
Belanger expects Revance Therapeutics to post earnings per share (EPS) of -$1.07 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Revance Therapeutics, with an average price target of $37.2.
The analysts price targets range from a high of $45 to a low of $33.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $18.8 million and a net profit of -$70.34 million. The company's market cap is $1.47 billion.
According to TipRanks.com, Needham analyst Serge Belanger is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 3.6% and a 43.69% success rate.
Revance Therapeutics, Inc. is a clinical stage biotechnology company. It engages in the development, manufacturing, and commercialization of novel botulinum toxin products for multiple aesthetic and therapeutic applications. The firm focuses on production of daxibotulinumtoxinA, a botulinum toxin, for aesthetic and therapeutic indications, including facial wrinkles and muscle movement disorders. The company was founded by Jacob M. Waugh and L. Daniel Browne on August 10, 1999 and is headquartered in Newark, CA.