Nektar Therapeutics (NKTR) Received its Third Buy in a Row
After BTIG and Mizuho Securities gave Nektar Therapeutics (NASDAQ: NKTR) a Buy rating last month, the company received another Buy, this time from William Blair. Analyst Andy Hsieh maintained a Buy rating on Nektar Therapeutics yesterday. The company’s shares closed last Friday at $18.35.
According to TipRanks.com, Hsieh is a 4-star analyst with an average return of 12.7% and a 55.1% success rate. Hsieh covers the Healthcare sector, focusing on stocks such as Actinium Pharmaceuticals, Beyondspring, and ImmunoGen.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nektar Therapeutics with a $35.00 average price target, representing a 90.7% upside. In a report issued on May 7, Mizuho Securities also maintained a Buy rating on the stock with a $35.00 price target.
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Nektar Therapeutics’ market cap is currently $3.31B and has a P/E ratio of -7.60. The company has a Price to Book ratio of 3.60.
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Nektar Therapeutics is a biopharmaceutical company, which engages in applying technology platforms to develop novel drug candidates. The company focuses on the therapies for cancer, autoimmune disease, and chronic pain. It operates through the United States and Europe geographical segments. The company was founded in 1990 and is headquartered in San Francisco, CA.