Leerink Partners Reaffirms Their Buy Rating on Blueprint Medicines (BPMC)

In a report issued on April 29, Andrew Berens from Leerink Partners reiterated a Buy rating on Blueprint Medicines (BPMCResearch Report), with a price target of $127.00. The company’s shares closed last Friday at $96.32.

According to TipRanks.com, Berens is a 4-star analyst with an average return of 9.7% and a 56.8% success rate. Berens covers the Healthcare sector, focusing on stocks such as Forma Therapeutics Holdings, Turning Point Therapeutics, and Global Blood Therapeutics.

Blueprint Medicines has an analyst consensus of Moderate Buy, with a price target consensus of $114.60, which is a 17.9% upside from current levels. In a report issued on April 29, Raymond James also reiterated a Buy rating on the stock with a $122.00 price target.

See today’s analyst top recommended stocks >>

Based on Blueprint Medicines’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $34.11 million and GAAP net loss of $85.67 million. In comparison, last year the company earned revenue of $51.53 million and had a GAAP net loss of $66.33 million.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BPMC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Blueprint Medicines Corp. is a precision therapy company. It focuses on medicines to improve the lives of patients with genomically defined cancers, rare diseases and cancer immunotherapy. The company was founded by Chris Varma, Nicholas B. Lydon, Brian Druker, and Alexis Borisy on October 14, 2008 and is headquartered in Cambridge, MA.