Apellis Pharmaceuticals, Inc. Common Stock (APLS)

Apellis Pharmaceuticals announced participation in upcoming healthcare investor conferences and highlighted recent FDA approval of EMPAVELI for treating C3G and primary IC-MPGN in patients 12 and older.

Apellis Pharmaceuticals reported a Q1 revenue decline and wider net loss, missing analyst expectations. However, the company continues to develop its drugs Syfovre and Empaveli for new indications, with an FDA decision on Empaveli expected in July.

Apellis (APLS) declines as CHMP issues a second negative opinion for the approval of intravitreal pegcetacoplan to treat GA in the EU. The company plans to seek re-examination of the same.

Throughout the last three months, 14 analysts have evaluated Apellis Pharmaceuticals (NASDAQ:APLS), offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 1 4 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 5 0 2 0 0 3M Ago 4 0 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $76.5, a high estimate of $100.00, and a low estimate of $46.00. This current average has decreased by 3.65% from the previous average price target of $79.40. Decoding Analyst Ratings: A Detailed Look The standing of Apellis Pharmaceuticals among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Colleen Kusy Baird Maintains Outperform $100.00 $100.00 Biren Amin Piper Sandler Announces Neutral $46.00 - Douglas Tsao HC Wainwright & Co. Maintains Buy $92.00 $92.00 Derek Archila Wells Fargo Lowers Equal-Weight $48.00 $57.00 Joseph Stringer Needham Maintains Buy $85.00 $85.00 Yigal Nochomovitz Citigroup Lowers Buy $60.00 $67.00 Douglas Tsao HC Wainwright & Co. Maintains Buy $92.00 - Eliana Merle UBS Lowers Buy $85.00 $89.00 Graig Suvannavejh Mizuho Lowers Neutral $52.00 $60.00 Douglas Tsao HC Wainwright & Co. Maintains Buy $92.00 $92.00 Joseph Stringer Needham Maintains Buy $85.00 $85.00 Laura Chico Wedbush Lowers Neutral $57.00 $67.00 Douglas Tsao HC Wainwright & Co. Maintains Buy $92.00 - Joseph Stringer Needham Maintains Buy $85.00 - Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or ...Full story available on Benzinga.com

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