Wedbush Remains a Buy on Global Blood Therapeutics (GBT)

Wedbush analyst Liana Moussatos reiterated a Buy rating on Global Blood Therapeutics (GBT) today and set a price target of $145.00. The company’s shares closed last Tuesday at $78.10.

According to, Moussatos is a 4-star analyst with an average return of 3.2% and a 49.8% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Catabasis Pharmaceuticals, Eiger Biopharmaceuticals, and BioMarin Pharmaceutical.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Blood Therapeutics with a $109.33 average price target, a 40.3% upside from current levels. In a report issued on April 27, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $112.00 price target.

See today’s analyst top recommended stocks >>

Based on Global Blood Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $14.12 million and GAAP net loss of $73.03 million. In comparison, last year the company had a GAAP net loss of $48.92 million.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GBT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on GBT:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts