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B.Riley Financial Reaffirms Their Buy Rating on Spectrum Pharmaceuticals (SPPI)

B.Riley Financial analyst Mayank Mamtani reiterated a Buy rating on Spectrum Pharmaceuticals (SPPIResearch Report) today and set a price target of $4.00. The company’s shares opened today at $1.50.

Mamtani covers the Healthcare sector, focusing on stocks such as Novavax, Altimmune, and Intercept Pharma. According to TipRanks, Mamtani has an average return of -22.6% and a 25.21% success rate on recommended stocks.

Spectrum Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $6.67, which is a 344.67% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $12.00 price target.

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SPPI market cap is currently $243.7M and has a P/E ratio of -1.80.

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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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