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B.Riley Financial Sticks to Their Buy Rating for Spectrum Pharmaceuticals (SPPI)

In a report released today, Mayank Mamtani from B.Riley Financial maintained a Buy rating on Spectrum Pharmaceuticals (SPPIResearch Report), with a price target of $1.50. The company’s shares closed yesterday at $0.63.

Mamtani covers the Healthcare sector, focusing on stocks such as Altimmune, Novavax, and Intercept Pharma. According to TipRanks, Mamtani has an average return of -28.8% and a 20.34% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spectrum Pharmaceuticals with a $4.83 average price target, which is a 661.47% upside from current levels. In a report released today, JMP Securities also reiterated a Buy rating on the stock with a $4.00 price target.

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SPPI market cap is currently $121.3M and has a P/E ratio of -0.89.

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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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