Global Blood Therapeutics found using ticker (GBT) now have 19 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 102 and 31 with a mean TP of 59.53. Given that the stocks previous close was at 33.71 this indicates there is a potential upside of 76.6%. The 50 day moving average now sits at 27.78 and the 200 day moving average is 30.09. The market capitalisation for the company is $2,268m. Company Website: https://www.gbt.com
The potential market cap would be $4,005m 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.
