Gilead Sciences Inc
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Health Care : Biotechnology | Large Cap Value
Company profile

Gilead Sciences, Inc. is a research-based biopharmaceutical company that discovers, develops and commercializes medicines in areas of unmet medical need. The Company's portfolio of products and pipeline of investigational drugs includes treatments for Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome (HIV/AIDS), liver diseases, cancer, inflammatory and respiratory diseases and cardiovascular conditions. Its products for HIV/AIDS patients include Descovy, Odefsey, Genvoya, Stribild, Complera/Eviplera, Truvada, Emtriva, Tybost and Vitekta. Its products for patients with liver diseases include Vemlidy, Epclusa, Harvoni, Sovaldi, Viread and Hepsera. It offers Zydelig to patients with hematology/oncology diseases. Its products for patients with various cardiovascular diseases include Letairis, Ranexa and Lexiscan. Its products for various inflammation/respiratory diseases include Cayston and Tamiflu. It had operations in more than 30 countries, as of December 31, 2016.

Closing Price
Day's Change
0.29 (0.38%)
B/A Size
Day's High
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10-day average volume:

UPDATE: Tesla's stock has 'room to run' to $1,000, and possibly much higher, says Wedbush's Dan Ives

7:00 am ET June 10, 2020 (MarketWatch)

Tesla Inc.'s stock (TSLA) has "room to run further" to $1,000 and possibly much higher, said Wedbush analyst Dan Ives, given his belief that demand in China for Model 3's are ramping stronger than expected and the potential for "game changing" battery developments. Ives reiterated his neutral rating on the electric car maker, but raised his base price target to $1,000 from $800, while boosting his "bull case" target to $1,500 from $1,350. The average price target of the 33 analysts surveyed by FactSet is $678.23. The stock, which eased 0.1% in premarket trading, lost 1.0% on Tuesday after closing at a record $949.92 on Monday. "We believe that the China growth story is worth at least $300 per share to Tesla as this EV penetration is set to ramp significantly over the next 12 to 18 months," Ives wrote in a note to clients. "Looking ahead, we believe [Chief Executive Elon Musk] are slated to announce a number of new potential "game changing" battery developments at its highly anticipated Battery Day." The battery day has been delayed given the COVID-19 pandemic, with some reports suggesting it could take place as a live event later this summer. The stock has more than doubled (up 124.9%) year to date through Tuesday, while the S&P 500 has lost 0.7%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

June 10, 2020 07:00 ET (11:00 GMT)

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