Brookline Capital Markets Keeps Their Buy Rating on CTI BioPharma (CTIC)

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 yesterday at $5.36.

R. Cann covers the Healthcare sector, focusing on stocks such as Moderna, Syros Pharmaceuticals, and Kymera Therapeutics. According to TipRanks, R. Cann has an average return of -2.9% and a 36.81% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CTI BioPharma with a $10.15 average price target.

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CTIC market cap is currently $641.7M and has a P/E ratio of -4.62.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral on the stock. Last month, Bvf Partners LP Il, a Director at CTIC sold 7,210,566.00 shares for a total of $44,128,663.92.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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