Raymond James Sticks to Its Hold Rating for Global Blood Therapeutics (GBT)


Raymond James analyst Danielle Brill maintained a Hold rating on Global Blood Therapeutics (GBT) yesterday. The company’s shares closed last Friday at $49.92.

According to TipRanks.com, Brill is a 4-star analyst with an average return of 20.1% and a 57.4% success rate. Brill covers the Healthcare sector, focusing on stocks such as ACADIA Pharmaceuticals, Sarepta Therapeutics, and PTC Therapeutics.

Global Blood Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $87.55.

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Based on Global Blood Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $36.89 million and GAAP net loss of $59.88 million. In comparison, last year the company had a GAAP net loss of $64.55 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.

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