U.S. markets closed
  • S&P 500

    4,594.62
    -106.84 (-2.27%)
     
  • Dow 30

    34,899.34
    -905.04 (-2.53%)
     
  • Nasdaq

    15,491.66
    -353.57 (-2.23%)
     
  • Russell 2000

    2,245.94
    -85.52 (-3.67%)
     
  • Crude Oil

    68.15
    -10.24 (-13.06%)
     
  • Gold

    1,788.10
    +1.20 (+0.07%)
     
  • Silver

    23.14
    -0.40 (-1.70%)
     
  • EUR/USD

    1.1322
    +0.0110 (+0.99%)
     
  • 10-Yr Bond

    1.4820
    -0.1630 (-9.91%)
     
  • GBP/USD

    1.3342
    +0.0022 (+0.16%)
     
  • USD/JPY

    113.2600
    -2.0790 (-1.80%)
     
  • BTC-USD

    55,221.39
    +623.70 (+1.14%)
     
  • CMC Crypto 200

    1,365.60
    -89.82 (-6.17%)
     
  • FTSE 100

    7,044.03
    -266.34 (-3.64%)
     
  • Nikkei 225

    28,751.62
    -747.66 (-2.53%)
     

Biofrontera Initiated with a Buy at Roth Capital, Stock Surges

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

By Sam Boughedda

Investing.com — Biopharmaceutical firm Biofrontera Inc (NASDAQ:BFRI) has seen its share price jump 135% to $6.19 in Wednesday trading after analysts at Roth Capital initiated the stock with a buy rating.

The stock, which made its public debut on October 28, had been steadily declining since touching an intraday high of $4.99 at the start of November.

Roth analyst Jonathan Aschoff set a 12-month price target of $20 for the shares, saying they project future U.S. revenue from the Ameluz and Xepi treatments in actinic keratosis and impetigo, respectively.

"Our initial valuation excludes potential commercial upside from any potential future programs, given BFRI’s clear focus on its two currently approved drugs," Aschoff said.

On Tuesday, Biofrontera announced that it will release its third-quarter results on November 30.

Related Articles

Biofrontera Initiated with a Buy at Roth Capital, Stock Surges

S&P 500 Cuts Losses as Tech Selloff Eases, Cyclicals Shine

U.S. puts Chinese firms helping military on trade blacklist