According to TipRanks.com, Prasad is a 4-star analyst with an average return of 9.6% and a 48.1% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Crispr Therapeutics AG, Rocket Pharmaceuticals, and Allogene Therapeutics.
Currently, the analyst consensus on Global Blood Therapeutics is a Moderate Buy with an average price target of $80.67, representing a 194.4% upside. In a report issued on July 22, Piper Sandler also maintained a Hold rating on the stock with a $45.00 price target.
Based on Global Blood Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $39.04 million and GAAP net loss of $74.93 million. In comparison, last year the company earned revenue of $14.12 million and had a GAAP net loss of $73.03 million.
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Global Blood Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the discovering, developing and commercializing novel therapeutics to treat grievous blood-based disorders. It also provides oral medicines for sickle cell diseases. The company was founded by Matthew P. Jacobson, Andrej Sali, Jack Taunton, Charles J. Homcy, Craig D. Muir and David R. Phillips in February 2011 and is headquartered in South San Francisco, CA.