GM says it is going to double income by 2030 in digital push to be seen extra like Tesla

DETROIT – General Motors plans to double its annual sales to $ 280 billion by the end of this decade as the company migrates to all-electric vehicles and diversifies beyond auto and truck sales.

The automaker announced on Wednesday ahead of investor presentations detailing how the company will operate plans to achieve these goals through traditional automotive businesses and new software and data-driven businesses.

The revenue target is based on a moving average of about $ 140 billion for the automaker over the past few years, a company spokesman said. GMs Sales last year was nearly $ 122.5 billion, down 10.8% from 2019, largely due to factory closures at the start of the coronavirus pandemic. The operating profit margin in 2020 was 7.9%.

“If you look at all of the investments we’ve made in over five years, we’re really in execution mode today,” GM CEO and Chairman Mary Barra told reporters during a pre-event briefing. “We have great confidence in our ability to increase sales.”

The two-day investor meeting including product test drives on Thursday is intended to provide a “clear strategy” to convince investors to like the company more like a technology start-up Tesla, which is valued at more than $ 750 billion compared to $ 79 billion for GM.

Barra said GM expects much of the sales growth to come from its new and service-based businesses, with “moderate growth” from its traditional vehicles and operations.

“We are seeing a surge in EVs especially in the first few days, so we see tremendous opportunities to grow from an EV perspective and then subscriptions and services,” she said.

The automaker expects its traditional auto sales and financing business to grow from $ 138 billion to $ 195 billion to $ 235 billion a year. Its new businesses such as the autonomous vehicle subsidiary Cruise and BrightDrop commercial EV business is expected to grow from $ 2 billion, mostly from OnStar, to $ 80 billion over this period.

GM also confirmed plans to rapidly scale its electric vehicle manufacturing, with more than 50% of its plants in North America and China able to produce the vehicles. Currently, only two GM plants in North America are capable of producing electric vehicles, but the company has announced plans to convert at least three more by 2023.

GM President Mark Reuss told investors on Wednesday that the company would soon announce a second battery-electric truck assembly plant. The company’s first EV pickups, including the upcoming ones GMC lobster, is produced in a facility in Detroit.

The automaker is about to Invest 35 billion dollars in electric and autonomous vehicles by 2025, as the company aims to become a fully electric automaker by 2035.

GM said it plans to outperform Tesla as the U.S. leader in electric vehicles, but Barra and Reuss declined to give a timeframe. The company has announced that it will sell 1 million electric vehicles per year worldwide through 2025.

During the event, GM is also expected to explain in more detail this transition as well as the planned commercialization of driver assistance systems and autonomous vehicles.

GM confirmed on Wednesday that it will introduce its new one electric Silverado at CES in January. It is also said that a Chevrolet crossover is in the works for around $ 30,000. GM did not announce any sales dates for the vehicles.

“Nobody will be able to touch us in the battery-electric truck room,” Reuss told reporters on Wednesday. “You will see that we hit the mark with that.”

Regarding self-driving technology, GM said it will launch a new hands-free system in 2023 called “ultra-cruise” that is roadworthy in 95% of the scenarios. The system is expected to be far more powerful than its current Super Cruise system, which is only available on pre-mapped shared highways.

At launch, according to GM, Ultra Cruise will be available on more than 2 million kilometers of road in the US and Canada. Great cruise is currently available on more than 200,000 kilometers of road.

2022 GMC Hummer EV Sport Utility Truck

GM

American Airways says August income weaker than anticipated due to Covid

An American Airlines passenger plane approaches landing at LAX during the coronavirus disease (COVID-19) outbreak in Los Angeles, California on April 7, 2021.

Mike Blake | Reuters

American Airlines said on Wednesday that August earnings will be lower than expected due to an increase in Covid Falls Drives Bookings, Newest Carrier To Warn Of The Impact Of Infection On Sales.

“It has been and we expect it will continue to be a very troubled recovery,” said Vasu Raja, American chief revenue officer, speaking at a Raymond James investor conference.

Raja said July revenue was above the airline’s expectations, but the surge in Covid cases resulted in weaker short-term bookings and higher cancellations.

“Given the fluidity of the current demand environment, we are not ready at this point to make any final adjustments to our capacity plans or guidelines,” said Raja.

Pent-up client demand, federal cash drive Iowa tax income

money cash bills generic

CEDAR RAPIDS – Fueled by pent-up consumer demand and state incentive payments, Iowa’s tax revenue increased 15 percent in June compared to the previous June, and state revenue increased 15 percent over the past 12 months.

Net tax revenue for June was $ 928 million, according to the Legislative Services Agency monthly report. That’s $ 121 million more than in June 2020.

Corporate income tax, gambling tax, fuel tax, and sales / use tax all made high gains for the month, both in dollars and as a percentage of growth.

In the past 12 months, net sales rose $ 1.541 billion, or 17.4 percent, the LSA reported, noting that economic activity was low for much of that time due to the coronavirus pandemic.

For the year ended June 30, net income from all taxes paid to sovereign wealth funds was $ 10.413 billion, an increase of $ 1.541 billion compared to the previous 12 months.

During that time, individual income tax receipts rose 18.2 percent, but LSA found that federal and state delayed income tax due dates “have significantly changed the normal flow of individual income tax receipts over the past 14 months.”

The annual growth rate of 18.2 percent is “unusually high” compared to net tax growth on individual income, which averaged 4.2 percent over the past two years, added LSA.

Other key contributors to the dollar and percentage changes year over year were corporate tax revenue, which increased $ 367 million, or 68.5 percent. Sales tax revenue increased $ 411.1 million, 68.5 percent. That included $ 85.3 million more sales tax revenue paid to the Road Use Tax Fund and a $ 332.1 million (10.4 percent) increase in sales tax revenue to the State General Fund.

However, sales tax revenue, which was transferred to other state funds, primarily the Flood Mitigation Fund, Reinvestment District Fund and two water quality funds, fell by $ 6.8 million, the LSA said.

And lower sales / use tax refunds increased net income by $ 6.2 million, and increased sales tax payments to the school infrastructure account, recorded as tax refunds, decreased net income by $ 5.7 million.

Banks’ tax revenue declined 20.3 percent, or $ 14.1 million, and fuel tax revenue declined $ 35.7 million, or 5.1 percent. According to Treasury Department’s monthly fuel sales reports, the total gallon subject to fuel tax decreased 3.3 percent over the past 12 months.

Gambling tax revenue increases by $ 90.9 million, or 37 percent, despite Iowa’s 19 state-regulated casinos closed on March 17, 2020 due to the governor’s declaration of the COVID-19 state health emergency. Most reopened in early June this year.

Tax revenues for cigarettes and tobacco fell by $ 9.5 million, or 4.5 percent, the LSA reported.

Comments: (319) 398-8375; james.lynch@thegazette.com

Anti-Cash Laundering Market Generated $2.four Billion Income in 2020: P&S Intelligence

NEW YORK, July 19, 2021 / PRNewswire / – The growing need for money laundering surveillance and the increasing adoption of anti-money laundering (AML) solutions in the public and private sectors are driving the expansion of the global Anti-money laundering market. In addition, the increasing number of money laundering and other illegal activities such as sanctions violations and skimming as well as the adoption of strict rules and regulations by the governments of several countries are driving the development of the market. Because of these factors, the market reached $ 2.4 billion Revenue in 2020, and according to P&S Intelligence, a huge expansion is forecast between 2021 and 2030.

Get the sample copy of this report at: https://www.psmarketresearch.com/market-analysis/anti-money-laundering-aml-market/report-sample

The COVID-19 pandemic has had a positive impact on the growth of the anti-money laundering market. With lockdowns imposed in several countries, the use of digital banking services, e-wallets and digital payments has increased massively. As there is a need to make these platforms and services secure, their increasing adoption is driving the demand for AML software and solutions.

The global anti money laundering market is divided into banks and other financial institutions, gaming and gambling, and insurance providers depending on the end user. Of these, the banks and other financial institutions category dominated the market in 2020. This is due to the growing need for AML solutions from banks and other financial institutions due to the increasing prevalence of illegal activities such as fraud, money laundering, and phishing.

Search detailed report with COVID-19 impact analysis in the anti-money laundering market research report: By Type (Solutions, Services), Deployment Mode (Cloud, On-Premise), Organization Size (Large Enterprises, SMEs), End Users (Banks and Other Financial Institutions, Insurance Providers, Gaming & Gambling Sector) – Global industry analysis and growth forecast up to 2030 @ https://www.psmarketresearch.com/market-analysis/anti-money-laundering-aml-market

Geographically, North America dominated the anti-money laundering market in 2020. This is attributed to the existence of multiple industry players, the increasing prevalence of money laundering cases and the large-scale adoption of advanced technologies such as artificial intelligence (AI) in the region.

The players in the anti-money laundering market are focused on developing new products in order to reach more customers and expand their presence. Tata Consultancy Services Limited (TCS), for example, has developed the TCS BaNCS, a banking software suite that supports the processing of real-time data in May 2019 to retail banks in Canada deal better with payment problems.

Find out more before buying: https://www.psmarketresearch.com/send-enquiry?enquiry-url=anti-money-laundering-aml-market

NICE Actimize, a subsidiary of NICE Systems Ltd., has also launched an AI-based surveillance solution called SURVEIL-X September 2019. This solution detects different types of risky behavior and helps financial services companies quickly build and review risk detection models to manage operational risk and ensure regulatory compliance.

ACI Worldwide Inc., Nice Systems Ltd., BAE Systems plc, Fair Isaac Corporation (FICO), LexisNexis Risk Solutions, SAS Institute Inc., Dixtior, Fiserv Inc., TransUnion LLC, Temenos AG, Wolter’s Kluwer Limited, Nelito Systems Ltd. , Featurespace Limited, Tata Consultancy Services Ltd. (TCS), Finacus Solutions Private Limited, Feedzai Inc., Comarch SA and CaseWare RCM are some of the key players in the anti-money laundering market.

Browse other reports

BFSI security market – The global BFSI security market was created with. rated $ 31.3 billion in 2019, which is expected to be achieved $ 175.1 billion by 2030 with a CAGR of 16.9% in the forecast period (2020–2030). The increasing emphasis on integrated security services is one of the major trends in the BFSI security market.

Fraud Detection and Prevention Market – The global fraud detection and prevention market has been expanded with $ 20,614.4 million in 2018 and is expected to increase with a CAGR of 15.1% in the forecast period (2019-2024). Together, North America and APAC are projected to account for 67.5% of the fraud detection and prevention market in 2024.

over P&S intelligence

P&S Intelligence is a market research and advisory service provider serving the market intelligence needs of emerging industries around the world. As an enterprising research and advisory firm, P&S provides the foundation for market intelligence and believes in thorough landscape analysis of the ever-changing market scenario to enable companies to make informed decisions and strategize their business with ingenuity.

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P&S intelligence
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SOURCE P&S Intelligence

Databricks on monitor for $1 billion in 2022 income: Pete Sonsini, NEA

Ali Ghodsi, Co-Founder and CEO of Databricks.

Databricks

The San Francisco-based start-up Databricks quickly grew into a respected provider of cloud software for managing data on behalf of companies. Doubling the income on an annual basis. Then came the coronavirus pandemic.

The health crisis has weighed on the film, hospitality and travel sectors of the economy. For the tech industry, however, Covid proved to be a melting pot, revealing which technologies were necessary and which were not.

“There was a bit, maybe a month or two, where everyone was frozen in time as to what was going to happen,” said Pete Sonsini, an investor at New Enterprise Associates who joined Databricks’ board in 2014.

After this first phase, according to Sonsini, companies rushed to analyze data in the cloud to unlock computing resources without having to worry about managing the infrastructure in their own data centers.

“They have definitely accelerated through the pandemic,” he said, adding that the acceleration will continue through 2021. Now the company will generate sales of at least $ 1 billion in 2022.

Databricks said in February it did raised $ 1 billion at a valuation of $ 28 billionwith the three leading US cloud infrastructure providers – Amazon, Google and Microsoft – all participate. Investors were keen to put $ 2-3 billion in Databricks during the funding round, CEO Ali Ghodsi told CNBC at the time.

Databricks is increasingly looking for companies like Snowflake that offer data warehouse products that are used by large companies to store data from various sources, Sonsini said. In September, Snowflake made a Monster debut on the New York Stock Exchange, which ended its first day of trading with a market cap of $ 70 billion, down from $ 12 billion seven months ago. The stock has lost some of the momentum it gained after going public, but it’s still worth more than $ 60 billion.

Snowflake’s sales growth accelerated when the pandemic first hit. Growth has slowed since then, although the company still is Doubling the income every quarter, which is an obvious competitive goal.

Snowflake and Databricks initially focused on different things. Engineers relied on Databricks to cleanse large amounts of data and prepare it for analysis, while data analysts often looked to Snowflake to query the data and learn more about it. But the two have gotten closer. Databricks introduced in November technology to query data stored in its software using the popular SQL query language.

In 2019, when Snowflake appointed former ServiceNow CEO Frank Slootman to succeed former Microsoft CEO Bob Muglia as CEO of Snowflake, Muglia’s Separation Agreement said he couldn’t work with Databricks – or with the world’s leading cloud infrastructure companies. “They were a great partner but wanted to do more of what we do,” said Mike Scarpelli, CFO of Snowflake, in a fireplace chat hosted by JMP Securities in March.

It has come to the point that the data science consultancy Datagrom a blog entry in November titled “Snowflake vs. Databricks: Where Should You Put Your Data?” The picture at the top of the post was a Venn diagram showing what the two companies have in common.

Ghodsi tried to differentiate Databricks from its competitors on his CNBC appearance in February. With Databricks, clients do not have to copy data into their software in order to work with it. Instead, data can stay where it already is, such as in Amazon Web Services’ widely used S3 object storage system, and Databricks can continue to process the data, he said.

Hasbro income falls quick on weak leisure manufacturing enterprise

FIILE PHOTO: A Monopoly board game from Hasbro Gaming can be seen in this illustrative photo taken on August 13, 2017. REUTERS / Thomas White / Illustration

Hasbro Inc. (HAS.O) Sales estimates for the first quarter were not met on Tuesday as COVID-19 delays weighed on the toy maker’s film and television production business.

The company has focused on entertainment production for the past several years to drive growth faster than traditional toy sales.

In 2019, the company acquired Entertainment One, the company behind Peppa Pig and the television series “The Walking Dead”, to quickly expand its entertainment capabilities. However, production setbacks and the closure of theaters resulted in a 34% drop in sales in the TV and film businesses.

The Monopoly maker’s net sales rose 1% to $ 1.11 billion in the three months to March 28, but fell short of analysts’ estimates of $ 1.17 billion, according to an IBES estimate by Refinitiv.

Hasbro’s net income was $ 116.2 million, or 84 cents per share, compared to a loss of $ 69.7 million, or 51 cents per share, last year.

Our standards: The Thomson Reuters Trust Principles.

StoryFit Expands With Key Leisure Excuetive hires Following 2X Income Development | Information

Austin, Texas, March 29, 2021 / PRNewswire-PRWeb / – StoryFit, a leading technology company providing breakthrough AI predictive analytics for the entertainment and publishing industries, is pleased to announce two key appointments to its executive team.

Kymn Goldstein joins the company as Head of Revenue & Growth. Goldstein most recently served as COO of Allied Global Marketing where she transformed the business by expanding agency capabilities and working with studios, broadcast networks and streamers such as NBC Universal, Warner Bros., Disney and Netflix to develop and run marketing campaigns for a target audience. Before joining Allied, she started a technology start-up and led sales for a division of News Corporation. “I’m thrilled to be part of the StoryFit team. StoryFit’s AI-powered technology gives entertainment content developers, marketers, and distributors a suite of data tools that were previously unavailable, and provides unprecedented intelligence on stories and the.” Audience that consumes them, “said Goldstein.

Marc D. Evans is named as the company’s new COO. Evans is the founder and managing partner of Rock Ridge Principals and runs one of the most successful Alamo Drafthouse franchises. Previously, he was the co-founder and co-CEO of Intrepid Pictures, where he developed, produced and funded films distributed by Universal Pictures, Rogue Pictures, Relativity and Lionsgate, and the CFO of Revolution Studios. Evans’ early career included stints at TNT, Disney, and game developer Bethesda Softworks. Evans said, “StoryFit’s data insights are having a remarkable impact on the storytelling and story business. I look forward to joining the team at a time when the growing suite of solutions in the entertainment and publishing industries is gaining avid acceptance. I wish , this technology would have done this. ” was available 10 years ago when I was producing. “

“StoryFit has had a phenomenal year. We have doubled our sales and tripled our customer base despite the economic challenges and changes in the entertainment industry,” he said Monica Landers, Founder and CEO. When our customers and the industry as a whole are writing great stories again, they need more effective tools to connect stories with audiences. Marc and Kymn’s experience will be invaluable in delivering the product growth planned for the next few years. They are great to work with too, so I couldn’t be happier to welcome them to the team. “

About StoryFit:

StoryFit provides AI-powered story science for the entertainment and publishing industries throughout the entire life cycle of a story, from acquisition and creative development to production green light to marketing and sales. StoryFit uses artificial intelligence to measure over 100,000 key functions and compare them to thousands of other scripts or books to generate actionable insights.

StoryFit combines extensive NLP and machine learning know-how with a deep understanding of narrative content and revolutionizes the data set made available to storytellers. You will help them get the best content, identify the most effective story elements for audience engagement, track key development changes, and determine the appropriate audience. For more information visit: https://www.storyfit.com.

Media contact

Amy Prenner, The Prenner Group, +1 (310) 709-1101, amy@theprennergroup.com

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SOURCE StoryFit

Met Opera’s income drops, breaks even with presents, borrowing | Leisure

NEW YORK (AP) – Metropolitan Opera’s operating income declined $ 25 million to $ 120 million for the fiscal year ended July 31. This season has been shortened due to the novel coronavirus pandemic. However, the company avoided operating losses through fundraising and borrowing.

The Met announced Thursday that it had a $ 130 million loss from operations – after a loss of $ 154 million in the fiscal year that ended July 31, 2019.

Contributions and rebates, including assets released from restrictions net of fundraising costs, totaled $ 130 million to break even. Post-spend fundraising fell from $ 153 million the previous season when the Met ended with an operating loss of $ 1.1 million.

“Our cash position was about $ 10 million less than it was at the beginning of the fiscal year. We moved from a $ 46 million line of credit to a $ 57 million line of credit. This is important to us, ”said Peter Gelb, General Manager of Met, on Thursday. “The good news is we managed to maintain the best relationship with our donors and audiences through our nightly streams of our pay-per-view concerts for nearly a year with no performances.”

Yellow said there have been 33,000 new donors since the pandemic began.

The pandemic caused the Met to halt its 2019-20 season on March 12, forcing the cancellation of the last 58 of 217 originally scheduled performances as well as its entire 2020-21 season, wiping out 218 performances of 23 operas, bringing the total the rejections rose to 276. The orchestra’s international tour for June 2021 has also been canceled.

The Met cut some administrative staff and stopped paying its union employees during the pandemic, despite continuing to have health benefits for the orchestra and choir.

It has used non-union musicians for its streamed concerts from Europe and angered the association of its orchestra, the local 802 of the American Federation of Musicians. The Met locked out its stage workers in Local One of the International Alliance of Theatrical Stage Employees last month because it was unable to negotiate wage cuts during the pandemic. Yellow said the Met is looking into using outside labor to begin building sets for next season’s new productions.

Yellow also wants to resume contracts with Local 802 and conclude contracts with the American Guild of Musical Artists, which represents their singers and their choir, which will expire in summer 2022.

“This is an expression of the understandable frustration, fear and anger our musicians have because they haven’t been paid for so many months, but I don’t think that’s justified,” said Gelb. “When you read this kind of criticism from people, you think that we get the wrong impression that we have hired a substitute or choir orchestra, which it certainly isn’t. We hired a few musicians for these pay-per-view events in Europe to make it easier for the audience to experience vocal evenings that are not orchestral concerts. From a practical point of view and under other union points of view, there was no way we could have used Met musicians. “

The Met is hoping for federal aid. Yellow said the money would be used to fund bridge payments to union workers until benefits resume. He does not intend to cut back on future repertoire, saying the breath of offerings is necessary to boost attendance and income.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

Analysts Simply Made A Main Revision To Their Ten Leisure Group plc (LON:TEG) Income Forecasts

TipRanks

2 penny stocks with strong buy that could generate oversized profits

Well it’s official. Joe Biden is now president and is supported – at least in the short term – by Democratic majorities in both houses of Congress. Wall Street is taking the action of the new administration and is seeing its first steps spike in fiscal stimulus, which is expected to boost consumer spending, weigh on corporate earnings and provide general economic support in the first half of 2021 The situation for Goldman Sachs is investment strategist David Kostin who is optimistic about the near-term outlook for fiscal stimulus. Against this background, Kostin sets the Goldman outlook for this year at a GDP growth of 6.4%. He sees continued high growth in the next year and sets the forecast for 2022 at 4%. These outlook figures are above the previously published 5.9% and 3.7%. To that end, Kostin sees the S&P 500 hit 4,300 by the end of the year, which is a 12% gain over current levels. “Elections have consequences. Democratic control of Washington, DC after January 20th will bring higher budget spending, faster GDP growth, more inflation and higher interest rates than we previously anticipated, ”Kostin noted. As the markets look up, investors look for stocks that are ready for profit. Penny stocks, stocks priced less than $ 5 per share, are a natural place to look for potential winners. Their low price means that even a small increment will result in large percentages. Before investing directly in any penny stock investment, however, Wall Street pros recommend looking at the bigger picture and considering other factors beyond price. Some names that fall into this category really get what you pay for with little long-term growth prospects due to weak fundamentals, recent headwinds, or even large stocks outstanding. With the risk in mind, we used TipRanks’ database to find compelling penny stocks with cheap price tags. The platform led us to two tickers with stock prices below $ 5 and analyst consensus ratings with “strong buy”. Not to mention significant upside potential. AzurRx BioPharma (AZRX) We’re starting a company specializing in gastrointestinal diseases, AzurRx. This company focuses on the development of non-systemic, targeted recombinant therapies for GI diseases. AzurRx has a pipeline of three drug candidates at multiple levels of the development process. The key candidate for the pipeline, MS1819, is currently being investigated for the treatment of exocrine pancreatic insufficiency in patients with cystic fibrosis. MS1819 is a recombinant lipase derived from a strain of yeast. The drug targets fat molecules in the digestive tract and allows patients to absorb the broken down fats for nutritional value. The drug is currently in phase 2 trials, which are expected to be completed in the first half of this year. As of January 21, the first two patients in the Phase 2b OPTION 2 extension study were given treatment and the Data Monitoring Committee (DMC) “continues to support the program.” In another major development, AzurRx announced earlier this month that it is partnering with First Wave Bio to develop the oral and rectal formulations of niclosamide for the treatment of Immune Checkpoint Inhibitor Associated Colitis (ICI-AC) and COVID-19 -to study gastrointestinal infections caused by the disease. The estimated market for niclosamide for treating COVID-related GI problems exceeds $ 450 million. Based on several potentially significant clinical catalysts plus the $ 0.98 share price, several members of the street believe now is the right time to pull the trigger. Roth Capital’s Jonathan Aschoff is bullish on AzurRx and bases his longer-term projections on the likely success of MS1819. “We base our assessment for AZRX on projected future US sales of MS1819 for the treatment of EPI due to CF and CP. It uses an initial annual price of approximately $ 18,000, a price that is consistent with currently available PERTs. We estimate MS1819 will be commercialized in the US in 2023 and will have sales of $ 272 million in 2030. The commercial success of MS1819 outside the US or the commercial success of the early stage beta-lactamase program would have a positive impact on our assessment, ”said Aschoff. The analyst is also looking forward to the first clinical results of niclosamide in COVID-19 GI infections and ICI-AC, noting: “Niclosamide was approved by the FDA in 1982 for the treatment of tapeworm infections in the intestine and is on the list of major drugs With all of these factors in mind, Aschoff rates AZRX as a buy, and its target price of $ 7 points to a sky-high positive, given the millions of patients who have taken the drug, the safety profile has been largely determined, reducing the risk of development up 608% for the year ahead. (To see Aschoff’s track record, click here) Overall, analyst consensus on AZRX stock is a strong buy; the stock has 4 recent valuations including 3 buys and a single hold. Additionally, the average target price of $ 4 brings the upside potential to 304%. (See AZRX stock analysis on TipRank s) ProQR (PRQR) ProQR is a biotechnology company focused on treatments for congenital progressive blindness. In particular, the company is working on drugs to reverse a group of genetic visual disorders called hereditary retinal diseases. These diseases currently have no effective treatments. The company has a research pipeline of five drug candidates. The two most distant are QR-110 (Sepofarse) and QR-421. Of these two, QR-110 is currently in phase 2/3 studies. This candidate is RNA therapy to correct the m The most common CEP290 gene mutation that causes congenital liver amaurosis 10 (LCA10). This is a serious genetic retinal disease that affects up to 3 in 100,000 children. QR-421 is another RNA therapy that focuses on exon 13 mutations in the USH2A gene. These mutations cause blindness due to retinitis pigmentosa and / or Usher syndrome. QR-421 is in Phase 1/2 studies with the aim of restoring lost vision or preventing it from happening at all. Analyst Jonathan Wolleben covers the stock for JMP, pointing to Sepo arsenic as a key component of his bullish thesis. “We still see the chance of success of sepo arsenic at Illuminate as good for several reasons: 1) Phase 1/2 confirmed the intended registration dose and the dosing interval (6 months); 2) patients had clinically significant and sustained BCVA improvements after 12 months – key primary endpoint; 3) supporting secondary effectiveness measures (FST, mobility); 4) similar reactions in second treated eyes; 5) long-term safety confirms positive risk / benefit; and 6) The illuminated patient population was enriched based on the Phase 1/2 results (baseline vision of> / = hand movement). We assign sepofarsen a POS of 60% and the model LCA10 as an opportunity of ~ 300 million USD for PRQR with maximum penetration, “said Wolleben. In line with his optimistic outlook, Wolleben sets a price target of 20 USD for the share, what a Year of 384% implies up, along with an Outperform (i.e. Buy) rating. (To see Wolleben’s track record, click here.) Overall, PRQR receives a unanimous Strong Buy rating from analyst consensus based on 3 positive stock valuations currently trading $ 4.13, and the average target price of $ 20.67 is slightly more bullish than Wolleben’s, indicating an upward move of 400% for the next 12 months. (See PRQR stock analysis at TipRanks) To get good ideas for To find penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that brings together all of the insights into TipRanks stocks Conclusion: The opinions expressed in this article are solely those of the analysts presented. The content is intended to be used for informational purposes only. He is very impo You must do your own analysis before making any investment.