Allogene Therapeutics (ALLO) Receives a Buy from William Blair

In a report released today, Raju Prasad from William Blair reiterated a Buy rating on Allogene Therapeutics (ALLOResearch Report). The company’s shares closed last Monday at $31.83.

According to TipRanks.com, Prasad is a 4-star analyst with an average return of 14.6% and a 52.6% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Alexion Pharmaceuticals, and Rocket Pharmaceuticals.

Allogene Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $46.50, a 45.3% upside from current levels. In a report issued on April 11, Jefferies also assigned a Buy rating to the stock with a $53.00 price target.

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Allogene Therapeutics’ market cap is currently $4.57B and has a P/E ratio of -15.60. The company has a Price to Book ratio of 4.24.

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Allogene Therapeutics, Inc. operates as a clinical stage immuno-oncology company pioneering the development and commercialization of genetically engineered allogeneic T cell therapies for the treatment of cancer. The firm develops a pipeline of off-the-shelf T cell product candidates that are designed to target and kill cancer cells. Its engineered T cells are allogeneic, which are derived from healthy donors for intended use in any patient. The company was founded by Arie S. Belldegrun, David D. Chang, and Joshua A. Kazam in November 2017 and is headquartered in South San Francisco, CA.