William Blair analyst Raju Prasad maintained a Buy rating on Bluebird Bio (BLUE) today. The company’s shares closed last Wednesday at $58.55.
According to TipRanks.com, Prasad is a 5-star analyst with an average return of 14.1% and a 56.6% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Alexion Pharmaceuticals, Rocket Pharmaceuticals, and Crispr Therapeutics AG.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bluebird Bio with a $87.92 average price target, representing a 57.9% upside. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $86.00 price target.
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The company has a one-year high of $99.36 and a one-year low of $38.95. Currently, Bluebird Bio has an average volume of 666.6K.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLUE in relation to earlier this year.
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bluebird bio, Inc. is a clinical-stage biotechnology company, which engages in the development of potential gene therapies for severe genetic diseases and cancer. Its integrated product platform includes gene therapy, cancer immunotherapy, and gene editing. Its product pipeline includes Lenti-D, LentiGlobin, BCL11a shRNA, bb2121, and bb21217. The company was founded by Philippe Leboulch and Ronald C. Dorazio on April 16, 1992 and is headquartered in Cambridge, MA.
