JMP Securities Sticks to Their Buy Rating for Spectrum Pharmaceuticals (SPPI)

JMP Securities analyst Reni Benjamin reiterated a Buy rating on Spectrum Pharmaceuticals (SPPIResearch Report) today and set a price target of $4.00. The company’s shares closed last Friday at $0.44.

According to TipRanks, Benjamin is an analyst with an average return of -10.3% and a 33.50% success rate. Benjamin covers the Healthcare sector, focusing on stocks such as Iovance Biotherapeutics, Spectrum Pharmaceuticals, and Allogene Therapeutics.

In addition to JMP Securities, Spectrum Pharmaceuticals also received a Buy from H.C. Wainwright’s Edward White in a report issued on November 11. However, on November 16, B.Riley Financial downgraded Spectrum Pharmaceuticals (NASDAQ: SPPI) to a Hold.

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The company has a one-year high of $1.81 and a one-year low of $0.36. Currently, Spectrum Pharmaceuticals has an average volume of 4.58M.

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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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