Global Blood Therapeutics with ticker code (GBT) have now 19 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 102 and 31 with the average target price sitting at 59.53. With the stocks previous close at 34.78 this would indicate that there is a potential upside of 71.2%. There is a 50 day moving average of 28.17 and the 200 day moving average is 30.32. The market cap for the company is $2,276m. Company Website: https://www.gbt.com
The potential market cap would be $3,896m based on the market concensus.
Global Blood Therapeutics, a biopharmaceutical company, engages in the discovery, development, and delivery of treatments for underserved patient communities with sickle cell disease (SCD). The company offers Oxbryta tablets, an oral, once-daily therapy for SCD. It also evaluates the safety and pharmacokinetics of single and multiple doses of Oxbryta in a Phase II a clinical trial of adolescent and pediatric patients with SCD. In addition, the company is developing its lead product candidate inclacumab, novel human monoclonal antibody, which is in Phase III a clinical trial to reduce the incidence of painful vaso-occlusive crises, and resulting hospital admissions; and GBT601, a hemoglobin polymerization inhibitor that is in Phase I development. It has a license and collaboration agreement with Syros Pharmaceuticals to discover, develop, and commercialize therapies for SCD and beta thalassemia; and Sanofi S.A. to two early-stage research programs in SCD. Global Blood Therapeutics was incorporated in 2011 and is headquartered in South San Francisco, California.
