Roivant Sciences Ltd (NASDAQ:ROIV) Receives $13.33 Average Price Target from Analysts

Roivant Sciences Ltd (NASDAQ:ROIV) has earned an average rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.33.

ROIV has been the subject of several recent research reports. Truist assumed coverage on Roivant Sciences in a report on Tuesday, October 26th. They issued a “buy” rating and a $15.00 price target for the company. SVB Leerink reaffirmed a “buy” rating on shares of Roivant Sciences in a research note on Sunday, December 5th. Citigroup began coverage on Roivant Sciences in a research note on Wednesday, October 27th. They issued a “buy” rating and a $11.00 price objective for the company. The Goldman Sachs Group began coverage on Roivant Sciences in a report on Wednesday, December 15th. They issued a “buy” rating and a $15.00 target price for the company. Finally, HC Wainwright began coverage on Roivant Sciences in a report on Monday, November 8th. They set a “buy” rating and a $14.00 price target for the company.

Shares of ROIV stock opened at $7.95 on Friday. Roivant Sciences has a twelve month low of $5.80 and a twelve month high of $16.76. The stock has a fifty day moving average price of $9.93.

Roivant Sciences (NASDAQ:ROIV) last announced its earnings results on Monday, November 15th. The company reported ($0.87) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.06) by $0.19. The business had revenue of $13.99 million for the quarter, compared to analyst estimates of $5.30 million. As a group, sell-side analysts predict that Roivant Sciences will post -1.02 earnings per share for the current fiscal year.

About Roivant Sciences

Roivant Sciences is a biopharmaceutical company dedicated to improving the delivery of healthcare to patients. Roivant Sciences, formerly known as Montes Archimedes Acquisition Corp., is based in NEW YORK.

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Analyst Recommendations for Roivant Sciences (NASDAQ:ROIV)

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