Needham Thinks GW Pharma’s Stock is Going to Recover

In a report released today, Serge Belanger from Needham maintained a Buy rating on GW Pharma (GWPH), with a price target of $190.00. The company’s shares closed last Monday at $84.80, close to its 52-week low of $67.99.

According to, Belanger ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.9% and a 29.7% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, KalVista Pharmaceuticals, and Collegium Pharmaceutical.

Currently, the analyst consensus on GW Pharma is a Strong Buy with an average price target of $188.20.

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Based on GW Pharma’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $109 million and GAAP net loss of $24.95 million. In comparison, last year the company earned revenue of $6.65 million and had a GAAP net loss of $71.91 million.

Based on the recent corporate insider activity of 36 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 GWPH in relation to earlier this year.

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GW Pharmaceuticals Plc is a biopharmaceutical company, which engages in the discovery, development, and commercialization of novel therapeutics. It offers its cannabinoid product, Epidiolex oral solution CV, a pharmaceutical formulation of cannabidiol (CBD) focusing on the treatment of seizures associated with tuberous sclerosis complex. The company was founded by Geoffrey William Guy and Brian Whittle in 1998 and is headquartered in Cambridge, the United Kingdom.

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