Maxim Group Gives a Buy Rating to Brainstorm Cell Therapeutics (BCLI)


In a report released yesterday, Jason McCarthy from Maxim Group assigned a Buy rating to Brainstorm Cell Therapeutics (BCLI), with a price target of $12.00. The company’s shares closed last Thursday at $3.75, close to its 52-week low of $3.10.

According to TipRanks.com, McCarthy is a top 100 analyst with an average return of 51.1% and a 54.3% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Appili Therapeutics Inc Class A, Lineage Cell Therapeutics, and Actinium Pharmaceuticals.

Currently, the analyst consensus on Brainstorm Cell Therapeutics is a Moderate Buy with an average price target of $12.00.

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Based on Brainstorm Cell Therapeutics’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $11.82 million. In comparison, last year the company had a GAAP net loss of $7.69 million.

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Brainstorm Cell Therapeutics, Inc. operates as a biotechnology company, which develops and commercializes adult stem cell therapeutic products. It focuses on utilizing the patients own bone marrow stem cells to generate neuron-like cells that may provide an effective treatment initially for amyotrophic lateral sclerosis, Parkinson’s disease, multiple sclerosis and spinal cord injury. The company was founded on September 22, 2000 and is headquartered in New York, NJ.

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