In a report released today, Reni Benjamin from JMP Securities reiterated a Buy rating on Blueprint Medicines (BPMC – Research Report), with a price target of $152.00. The company’s shares closed last Thursday at $55.60, close to its 52-week low of $43.46.
According to TipRanks.com, Benjamin ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -8.0% and a 36.1% success rate. Benjamin covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Spectrum Pharmaceuticals, and Iovance Biotherapeutics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Blueprint Medicines with a $79.78 average price target, which is a 47.0% upside from current levels. In a report issued on June 30, Stifel Nicolaus also maintained a Buy rating on the stock with a $90.00 price target.
The company has a one-year high of $117.86 and a one-year low of $43.46. Currently, Blueprint Medicines has an average volume of 780.9K.
Based on the recent corporate insider activity of 64 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 BPMC in relation to earlier this year. Most recently, in May 2022, Nicholas Lydon, a Director at BPMC bought 10,909 shares for a total of $213,053.
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Blueprint Medicines Corp. is a precision therapy company. It focuses on medicines to improve the lives of patients with genomically defined cancers, rare diseases and cancer immunotherapy. The company was founded by Chris Varma, Nicholas B. Lydon, Brian Druker, and Alexis Borisy on October 14, 2008 and is headquartered in Cambridge, MA.
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