In a report released today, Raju Prasad from William Blair maintained a Buy rating on Bluebird Bio (BLUE). The company’s shares opened today at $132.45.
According to TipRanks.com, Prasad is a 5-star analyst with an average return of 22.9% and a 64.8% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Rocket Pharmaceuticals Inc, Global Blood Therapeutics, and Allogene Therapeutics Inc.
Currently, the analyst consensus on Bluebird Bio is a Moderate Buy with an average price target of $157, implying a 18.5% upside from current levels. In a report issued on May 2, Cowen & Co. also maintained a Buy rating on the stock.
See today’s analyst top recommended stocks >>
Based on Bluebird Bio’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $164 million. In comparison, last year the company had a GAAP net loss of $115 million.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BLUE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
bluebird bio, Inc. is a clinical-stage biotechnology company, which engages in the development of potential gene therapies for severe genetic diseases and cancer. Its integrated product platform includes gene therapy, cancer immunotherapy, and gene editing. Its product pipeline includes Lenti-D, LentiGlobin, BCL11a shRNA, bb2121, and bb21217.
