H.C. Wainwright Reiterates a Buy Rating on TG Therapeutics (TGTX)

H.C. Wainwright analyst Edward White reiterated a Buy rating on TG Therapeutics (TGTXResearch Report) today and set a price target of $24.00. The company’s shares closed last Monday at $14.03, close to its 52-week high of $14.60.

According to TipRanks.com, White is a top 100 analyst with an average return of 27.0% and a 54.5% success rate. White covers the Healthcare sector, focusing on stocks such as Spectrum Pharmaceuticals, Karyopharm Therapeutics, and TRACON Pharmaceuticals.

Currently, the analyst consensus on TG Therapeutics is a Moderate Buy with an average price target of $20.50.

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Based on TG Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $61.93 million. In comparison, last year the company had a GAAP net loss of $53.86 million.

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TG Therapeutics, Inc. is a biopharmaceutical company, which engages in the acquisition, development, and commercialization of novel treatments for B-cell malignancies and autoimmune diseases. Its product pipeline includes TG-1101, Ublituximab, and Umbralisib.