G1 Therapeutics (GTHX) Received its Third Buy in a Row

After Roth Capital and Needham gave G1 Therapeutics (NASDAQ: GTHX) a Buy rating last month, the company received another Buy, this time from H.C. Wainwright. Analyst Edward White maintained a Buy rating on G1 Therapeutics today and set a price target of $82.00. The company’s shares closed last Wednesday at $18.15.

According to TipRanks.com, White is a top 100 analyst with an average return of 30.6% and a 55.3% success rate. White covers the Healthcare sector, focusing on stocks such as Spectrum Pharmaceuticals, Karyopharm Therapeutics, and TRACON Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for G1 Therapeutics with a $56.80 average price target, implying a 214.2% upside from current levels. In a report released today, Needham also assigned a Buy rating to the stock with a $74.00 price target.

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The company has a one-year high of $41.80 and a one-year low of $8.80. Currently, G1 Therapeutics has an average volume of 533.9K.

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G1 Therapeutics, Inc. engages in the development of small molecule therapeutics for the treatment of patients with cancer. Its products pipeline includes trilaciclib, rintodestrant, and lerociclib. The company was founded by Kwok-Kin Wong and Norman E. Sharpless on May 19, 2008 and is headquartered in Research Triangle Park, NC.