H.C. Wainwright analyst Debjit Chattopadhyay maintained a Buy rating on Global Blood Therapeutics (GBT) today and set a price target of $150.00. The company’s shares closed last Monday at $46.46.
According to TipRanks.com, Chattopadhyay is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.8% and a 31.0% success rate. Chattopadhyay covers the Healthcare sector, focusing on stocks such as Precision BioSciences Inc, Voyager Therapeutics Inc, and Mersana Therapeutics Inc.
Global Blood Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $97.50, which is an 116.4% upside from current levels. In a report issued on October 4, William Blair also maintained a Buy rating on the stock.
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The company has a one-year high of $64.94 and a one-year low of $30.15. Currently, Global Blood Therapeutics has an average volume of 739K.
Based on the recent corporate insider activity of 31 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 GBT in relation to earlier this year.
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Global Blood Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the discovering, developing and commercializing novel therapeutics to treat grievous blood-based disorders. It also provides oral medicines for sickle cell diseases.
