According to Archila, buying Apellis Pharmaceuticals' stock ahead of the release of the company's Q3 2023 earnings report on 2023/11/06 offers a favorable risk/reward. The analyst believes that sales of the company's Syfovre eye medication are on track to exceed expectations. Archila also mentioned that the upcoming implementation of Syfovre's Medicare billing "J-code" in 2023/10 and the subsequent stabilization of retinal vasculitis rates will speed up utilization.
It is worth noting that 100% of top-rated analysts currently rate APLS as a Strong Buy or Buy, with no analysts seeing it as a Hold. Additionally, no analysts recommend or strongly recommend selling the stock.
However, APLS has experienced a decline in its stock price since its last quarterly report on 2023/06/30. The stock price is down 51.2% since then and down 31.4% year-over-year. During this period, APLS has been trailing behind the S&P 500, which is down 14.1%.
Derek Archila, the Wells Fargo analyst who upgraded the rating on APLS, is highly regarded in the industry. WallStreetZen ranks Archila in the top 1% out of 4,329 Wall Street analysts. With an average return of 43.4% and a 52.1% win rate, Archila specializes in the Energy and Healthcare sectors.
Apellis Pharmaceuticals, Inc. is a commercial-stage biopharmaceutical company focused on the discovery, development, and commercialization of therapeutic compounds for autoimmune and inflammatory diseases. Its lead product candidate is pegcetacoplan, currently in Phase III clinical trials for the treatment of geographic atrophy in age-related macular degeneration and paroxysmal nocturnal hemoglobinuria diseases. The company also develops other therapies for various conditions, such as cold agglutinin disease, C3 glomerulopathy, immune complex membranoproliferative glomerulonephritis, and amyotrophic lateral sclerosis.
WallStreetZen tracks the performance of nearly 4,000 Wall Street analysts, whom we rank by average returns, frequency, and win-rate (backtested over multiple years).
Create a free watchlist and be the first to know when top-rated Wall Street analysts revise their Apellis Pharmaceuticals consensus stock forecast.
Want to get in touch? Email us at firstname.lastname@example.org.
WallStreetZen and Don Francis do not hold any positions in the companies mentioned in this article. The information and statistics provided herein are presented for general informational purposes only and may not be accurate, complete, or up-to-date. It should not be interpreted as a recommendation to buy or sell any stocks and should not be solely relied upon for making investment decisions. It does not take into account your financial situation or risk profile. All investors should conduct their own investment due diligence before buying a stock. WallStreetZen expressly disclaims any liability for the accuracy, reliability, or completeness of the analysts' information, price targets, ratings, or opinions.