Raymond James analyst Danielle Brill maintained a Hold rating on Global Blood Therapeutics (GBT) yesterday. The company’s shares closed last Thursday at $36.39.
According to TipRanks.com, Brill is a 4-star analyst with an average return of 13.0% and a 49.7% success rate. Brill covers the Healthcare sector, focusing on stocks such as ACADIA Pharmaceuticals, Sarepta Therapeutics, and SAGE Therapeutics.
Currently, the analyst consensus on Global Blood Therapeutics is a Moderate Buy with an average price target of $76.20, which is a 100.5% upside from current levels. In a report released yesterday, William Blair also maintained a Hold rating on the stock.
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Based on Global Blood Therapeutics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $41.3 million and GAAP net loss of $61.81 million. In comparison, last year the company earned revenue of $2.11 million and had a GAAP net loss of $95.98 million.
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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. The company was founded by Matthew P. Jacobson, Andrej Sali, Jack Taunton, Charles J. Homcy, Craig D. Muir and David R. Phillips in February 2011 and is headquartered in South San Francisco, CA.