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CTI BioPharma (CTIC) Receives a Buy from JMP Securities

JMP Securities analyst Reni Benjamin reiterated a Buy rating on CTI BioPharma (CTICResearch Report) today and set a price target of $6.00. The company’s shares closed last Friday at $4.20.

According to TipRanks.com, Benjamin ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -11.9% and a 30.8% success rate. Benjamin covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Spectrum Pharmaceuticals, and Iovance Biotherapeutics.

Currently, the analyst consensus on CTI BioPharma is a Strong Buy with an average price target of $8.44, an 110.5% upside from current levels. In a report issued on May 2, Stifel Nicolaus also maintained a Buy rating on the stock with a $6.20 price target.

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The company has a one-year high of $5.76 and a one-year low of $1.43. Currently, CTI BioPharma has an average volume of 6.28M.

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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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