Morgan Stanley Maintains Their Hold Rating on Bluebird Bio (BLUE)

In a report released today, Matthew Harrison from Morgan Stanley maintained a Hold rating on Bluebird Bio (BLUEResearch Report), with a price target of $104.00. The company’s shares closed last Monday at $89.45, close to its 52-week low of $84.01.

According to TipRanks.com, Harrison is a 4-star analyst with an average return of 4.3% and a 53.5% success rate. Harrison covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co Ltd, Global Blood Therapeutics, and Fulcrum Therapeutics Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bluebird Bio with a $158.00 average price target, implying a 75.7% upside from current levels. In a report issued on September 30, Stifel Nicolaus also initiated coverage with a Hold rating on the stock with a $109.00 price target.

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The company has a one-year high of $163.43 and a one-year low of $84.01. Currently, Bluebird Bio has an average volume of 625.8K.

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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.