J.P. Morgan Keeps Their Buy Rating on Bluebird Bio (BLUE)

J.P. Morgan analyst Cory Kasimov maintained a Buy rating on Bluebird Bio (BLUEResearch Report) yesterday. The company’s shares closed last Monday at $79.42, close to its 52-week low of $71.42.

According to TipRanks.com, Kasimov is a 4-star analyst with an average return of 5.8% and a 47.6% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Global Blood Therapeutics, and Alexion Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bluebird Bio with a $116.63 average price target, which is a 43.6% upside from current levels. In a report issued on November 26, Leerink Partners also upgraded the stock to Buy with a $119.00 price target.

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The company has a one-year high of $163.43 and a one-year low of $71.42. Currently, Bluebird Bio has an average volume of 935.2K.

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bluebird bio, Inc. is a clinical-stage biotechnology company, which engages in the development of potential gene therapies for severe genetic diseases and cancer. Its integrated product platform includes gene therapy, cancer immunotherapy, and gene editing. Its product pipeline includes Lenti-D, LentiGlobin, BCL11a shRNA, bb2121, and bb21217.