H.C. Wainwright analyst Edward White maintained a Buy rating on Spectrum Pharmaceuticals (SPPI) today and set a price target of $13.00. The company’s shares closed last Monday at $3.93.
According to TipRanks.com, White is a 5-star analyst with an average return of 22.7% and a 48.6% success rate. White covers the Healthcare sector, focusing on stocks such as Karyopharm Therapeutics, TRACON Pharmaceuticals, and Syndax Pharmaceuticals.
Currently, the analyst consensus on Spectrum Pharmaceuticals is a Moderate Buy with an average price target of $9.33, a 139.2% upside from current levels. In a report issued on July 28, B.Riley FBR also reiterated a Buy rating on the stock with a $8.00 price target.
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The company has a one-year high of $10.57 and a one-year low of $1.74. Currently, Spectrum Pharmaceuticals has an average volume of 2.22M.
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Spectrum Pharmaceuticals, Inc. is a biotechnology company, which engages in the acquisition, development, and commercialization of pipeline of late-stage clinical and commercial products. It operates through the following brands: FOLOTYN, ZEVALIN, MARQIBO, BELEODAQ, and EVOMELA. The company was founded in December 1987 and is headquartered in Henderson, NV.
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