B.Riley reiterates Buy on Madrigal stock, $670 target on sales
B.Riley reiterated a Buy rating and $670 price target on Madrigal Pharmaceuticals (MDGL) ahead of Q3 earnings, citing U.S. Rezdiffra sales expected above consensus. Analysts highlight strong sales growth and potential upside. MDGL shares are down 26% YTD but trade below Fair Value. The company's market cap is $9.96B, and it maintains a 91% gross profit margin. Multiple analysts have recently adjusted their ratings and targets for MDGL.
