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Seagen (SGEN) Receives a Buy from SVB Securities

SVB Securities analyst Andrew Berens reiterated a Buy rating on Seagen (SGENResearch Report) on November 10 and set a price target of $112.00. The company’s shares closed last Friday at $132.91.

Berens covers the Healthcare sector, focusing on stocks such as AVEO Pharma, Seagen, and Merus. According to TipRanks, Berens has an average return of 3.9% and a 46.50% success rate on recommended stocks.

In addition to SVB Securities, Seagen also received a Buy from JMP Securities’s Reni Benjamin in a report issued on November 2. However, on October 31, Stifel Nicolaus maintained a Hold rating on Seagen (NASDAQ: SGEN).

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SGEN market cap is currently $24.68B and has a P/E ratio of -38.39.

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Washington-based Seagen, Inc. is a biotechnology company, which is focused on developing and commercializing innovative, empowered monoclonal antibody-based therapies for the treatment of cancer. Its products include Adcetris and Padcev.

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