G1 Therapeutics (GTHX) Receives a Buy from Wedbush

In a report issued on August 6, David Nierengarten from Wedbush maintained a Buy rating on G1 Therapeutics (GTHX), with a price target of $46.00. The company’s shares closed last Wednesday at $15.85.

According to TipRanks.com, Nierengarten is a 5-star analyst with an average return of 24.7% and a 55.0% success rate. Nierengarten covers the Healthcare sector, focusing on stocks such as Springworks Therapeutics, Karyopharm Therapeutics, and Kiniksa Pharmaceuticals.

G1 Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $64.25, representing a 306.6% upside. In a report issued on July 23, Needham also assigned a Buy rating to the stock with a $74.00 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 602.9K.

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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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