Canaccord Genuity Thinks Karyopharm Therapeutics’ Stock is Going to Recover


In a report released today, Arlinda Lee from Canaccord Genuity maintained a Buy rating on Karyopharm Therapeutics (KPTI), with a price target of $20.00. The company’s shares closed last Tuesday at $8.48, close to its 52-week low of $8.43.

According to TipRanks.com, Lee is ranked #1231 out of 7490 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Karyopharm Therapeutics with a $25.00 average price target, implying a 170.3% upside from current levels. In a report issued on May 3, Leerink Partners also maintained a Buy rating on the stock with a $15.00 price target.

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The company has a one-year high of $21.82 and a one-year low of $8.43. Currently, Karyopharm Therapeutics has an average volume of 2.2M.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KPTI 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.

Karyopharm Therapeutics, Inc. is an oncology-focused pharmaceutical company dedicated to the discovery, development, and commercialization of novel first-in-class drugs directed against nuclear export and related targets for the treatment of cancer and other major diseases. Its SINE compounds function by binding with and inhibiting the nuclear export protein XPO1 (or CRM1). Karyopharm’s lead compound, XPOVIOTM (selinexor), received accelerated approval from the FDA in combination with dexamethasone as a treatment for patients with heavily pretreated multiple myeloma. A Marketing Authorization Application for selinexor is also currently under review by the European Medicines Agency (EMA). In addition to single-agent and combination activity against a variety of human cancers, SINE compounds have also shown biological activity in models of neurodegeneration, inflammation, autoimmune disease, certain viruses and wound-healing. Karyopharm has several investigational programs in clinical or preclinical development. The company was founded by Joseph Araujo, Ronald A. DePinho, Pamela A Silver, Giulio Draetta, Michael G. Kauffman and Sharon Shacham on December 22, 2008 and is headquartered in Newton, MA.

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