Canaccord Genuity Believes Bioxcel Therapeutics (BTAI) Won’t Stop Here

Canaccord Genuity analyst Sumant Kulkarni maintained a Buy rating on Bioxcel Therapeutics (BTAI) today and set a price target of $68.00. The company’s shares closed last Thursday at $37.00, close to its 52-week high of $43.63.

According to, Kulkarni is a 5-star analyst with an average return of 10.4% and a 45.7% success rate. Kulkarni covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co, Intra-Cellular Therapies, and Zynerba Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bioxcel Therapeutics with a $75.67 average price target, a 107.0% upside from current levels. In a report issued on April 28, H.C. Wainwright also reiterated a Buy rating on the stock with a $95.00 price target.

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The company has a one-year high of $43.63 and a one-year low of $3.76. Currently, Bioxcel Therapeutics has an average volume of 708.2K.

Based on the recent corporate insider activity of 9 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 BTAI in relation to earlier this year.

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BioXcel Therapeutics, Inc. is a clinical stage biopharmaceutical company focuses on drug development. The firm’s two clinical development programs are BXCL501, a sublingual thin film formulation designed for acute treatment of agitation resulting from neurological and psychiatric disorders, and BXCL701, an immuno-oncology agent designed for treatment of a rare form of prostate cancer and for treatment of pancreatic cancer. The company was founded by Vimal D. Mehta on March 29, 2017 and is headquartered in New Haven, CT.

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