In a report released today, Arlinda Lee from Canaccord Genuity reiterated a Buy rating on Nektar Therapeutics (NKTR), with a price target of $25.00. The company’s shares closed last Tuesday at $17.85.
According to TipRanks.com, Lee is a 3-star analyst with an average return of 0.1% and a 43.0% success rate. Lee covers the Healthcare sector, focusing on stocks such as Turning Point Therapeutics, Black Diamond Therapeutics, and Karyopharm Therapeutics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nektar Therapeutics with a $28.13 average price target.
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The company has a one-year high of $37.00 and a one-year low of $13.64. Currently, Nektar Therapeutics has an average volume of 2.16M.
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Nektar Therapeutics is a biopharmaceutical company, which engages in applying technology platforms to develop novel drug candidates. The company focuses on the therapies for cancer, autoimmune disease, and chronic pain. It operates through the United States and Europe geographical segments. The company was founded in 1990 and is headquartered in San Francisco, CA.
