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H.C. Wainwright Sticks to Their Buy Rating for Spectrum Pharmaceuticals (SPPI)

In a report released today, Edward White from H.C. Wainwright reiterated a Buy rating on Spectrum Pharmaceuticals (SPPIResearch Report), with a price target of $6.00. The company’s shares closed yesterday at $0.46.

White covers the Healthcare sector, focusing on stocks such as Valneva, Spectrum Pharmaceuticals, and Aeglea Biotherapeutics. According to TipRanks, White has an average return of -22.1% and a 28.10% success rate on recommended stocks.

Spectrum Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $3.83.

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The company has a one-year high of $2.11 and a one-year low of $0.36. Currently, Spectrum Pharmaceuticals has an average volume of 4.89M.

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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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