Raymond James Maintains Their Buy Rating on Global Blood Therapeutics (GBT)


In a report released today, Danielle Brill from Raymond James maintained a Buy rating on Global Blood Therapeutics (GBT). The company’s shares closed last Wednesday at $61.88.

According to TipRanks.com, Brill is a 5-star analyst with an average return of 21.7% and a 60.5% success rate. Brill covers the Healthcare sector, focusing on stocks such as ACADIA Pharmaceuticals, Sarepta Therapeutics, and Acceleron Pharma.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Blood Therapeutics with a $111.25 average price target, implying a 103.2% upside from current levels. In a report issued on October 29, Oppenheimer also assigned a Buy rating to the stock with a $102.00 price target.

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Based on Global Blood Therapeutics’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $31.5 million and GAAP net loss of $52.84 million. In comparison, last year the company had a GAAP net loss of $57.32 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is neutral on the stock.

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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.

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