William Blair Sticks to Its Hold Rating for Bluebird Bio (BLUE)

By Carrie Williams

In a report released today, Raju Prasad from William Blair maintained a Hold rating on Bluebird Bio (BLUEResearch Report). The company’s shares closed last Monday at $76.60, close to its 52-week low of $71.42.

According to TipRanks.com, Prasad is a 5-star analyst with an average return of 24.8% and a 62.0% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Alexion Pharmaceuticals, and Rocket Pharmaceuticals.

Currently, the analyst consensus on Bluebird Bio is a Moderate Buy with an average price target of $116.63, representing a 40.7% upside. In a report issued on December 3, Morgan Stanley also maintained a Hold rating on the stock with a $100.00 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 987.3K.

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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.