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Brookline Capital Markets Believes CTI BioPharma (CTIC) Still Has Room to Grow

In a report released yesterday, Leah R. Cann from Brookline Capital Markets maintained a Buy rating on CTI BioPharma (CTICResearch Report), with a price target of $12.00. The company’s shares closed last Friday at $5.75, close to its 52-week high of $6.23.

According to TipRanks.com, Cann is a 2-star analyst with an average return of 0.5% and a 41.2% success rate. Cann covers the Healthcare sector, focusing on stocks such as Crispr Therapeutics AG, Intellia Therapeutics, and Syros Pharmaceuticals.

Currently, the analyst consensus on CTI BioPharma is a Strong Buy with an average price target of $8.44, a 40.0% upside from current levels. In a report issued on May 27, Needham also reiterated a Buy rating on the stock with a $8.00 price target.

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The company has a one-year high of $6.23 and a one-year low of $1.43. Currently, CTI BioPharma has an average volume of 3.95M.

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CTI BioPharma Corp. operates as a biopharmaceutical company, which focuses on the development, acquisition, and commercialization of novel targeted therapies for blood-related cancers. Its products include PIXUVRI, Pacritinib, Tosedostat and Opaxio. The company was founded by James A. Bianco, Jack W. Singer, and Louis A. Bianco in September 1991 and is headquartered in Seattle, WA.

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