Cowen & Co. Sticks to Its Buy Rating for Bluebird Bio (BLUE)
In a report released today, Yaron Werber from Cowen & Co. maintained a Buy rating on Bluebird Bio (BLUE). The company’s shares closed last Monday at $79.42, close to its 52-week low of $71.42.
According to TipRanks.com, Werber is a 5-star analyst with an average return of 17.1% and a 69.5% success rate. Werber covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Springworks Therapeutics, and Rocket Pharmaceuticals.
Currently, the analyst consensus on Bluebird Bio is a Moderate Buy with an average price target of $105.71, representing a 30.2% upside. In a report issued on November 26, Leerink Partners also upgraded the stock to Buy with a $119.00 price target.
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The company has a one-year high of $163.43 and a one-year low of $71.42. Currently, Bluebird Bio has an average volume of 930.7K.
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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.