Mizuho Securities analyst Difei Yang reiterated a Buy rating on Nektar Therapeutics (NKTR) today and set a price target of $81. The company’s shares closed yesterday at $40.54, close to its 52-week low of $29.22.
Yang observed:
“We expect these events to be important drivers for NKTR shares as we continue to believe that a majority of the company’s value lies in NKTR-214.”
According to TipRanks.com, Yang is a 5-star analyst with an average return of 18.1% and a 50.7% success rate. Yang covers the Healthcare sector, focusing on stocks such as Nightstar Therapeutics Limited, Xeris Pharmaceuticals Inc, and Alder Biopharmaceuticals.
Currently, the analyst consensus on Nektar Therapeutics is a Strong Buy with an average price target of $81.83, a 101.9% upside from current levels. In a report issued on February 21, BMO Capital also initiated coverage with a Buy rating on the stock with a $75 price target.
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The company has a one-year high of $111.36 and a one-year low of $29.22. Currently, Nektar Therapeutics has an average volume of 1.94M.
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Nektar Therapeutics is a clinical-stage biopharmaceutical company, which engages in developing drug candidates that utilize its PEGylation and polymer conjugate technology platforms. It operates through the United States and Europe geogrpahical segments. The company was founded in 1990 and is headquartered in San Francisco, CA.
