G1 Therapeutics (GTHX) Gets a Buy Rating from Needham

In a report released today, Chad Messer from Needham reiterated a Buy rating on G1 Therapeutics (GTHX), with a price target of $74.00. The company’s shares closed last Monday at $15.30.

According to TipRanks.com, Messer is a 5-star analyst with an average return of 9.8% and a 47.0% success rate. Messer covers the Healthcare sector, focusing on stocks such as Phasebio Pharmaceuticals, Aeglea Biotherapeutics, and Ionis Pharmaceuticals.

Currently, the analyst consensus on G1 Therapeutics is a Strong Buy with an average price target of $56.80, a 278.7% upside from current levels. In a report issued on July 23, H.C. Wainwright also maintained a Buy rating on the stock with a $82.00 price target.

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The company has a one-year high of $41.80 and a one-year low of $8.80. Currently, G1 Therapeutics has an average volume of 553.2K.

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G1 Therapeutics, Inc. engages in the development of small molecule therapeutics for the treatment of patients with cancer. Its products pipeline includes trilaciclib, rintodestrant, and lerociclib. The company was founded by Kwok-Kin Wong and Norman E. Sharpless on May 19, 2008 and is headquartered in Research Triangle Park, NC.

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