In a report released yesterday, Chris Shibutani from Goldman Sachs maintained a Sell rating on Nektar Therapeutics (NKTR – Research Report), with a price target of $2.00. The company’s shares closed yesterday at $0.98.
Shibutani covers the Healthcare sector, focusing on stocks such as BioNTech SE, Amylyx Pharmaceuticals Inc, and Alkermes. According to TipRanks, Shibutani has an average return of 22.7% and a 47.35% success rate on recommended stocks.
Currently, the analyst consensus on Nektar Therapeutics is a Moderate Sell with an average price target of $3.08.
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The company has a one-year high of $5.18 and a one-year low of $0.60. Currently, Nektar Therapeutics has an average volume of 4.87M.
Based on the recent corporate insider activity of 38 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 NKTR in relation to earlier this year.
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Nektar Therapeutics is a biopharmaceutical company, which engages in applying technology platforms to develop novel drug candidates. The company focuses on the therapies for cancer, autoimmune disease, and chronic pain. It operates through the United States and Europe geographical segments. The company was founded in 1990 and is headquartered in San Francisco, CA.
Read More on NKTR:
- Nektar Therapeutics says no cash deposits, securities at Silicon Valley Bank
- Nektar Therapeutics Reports Fourth Quarter and Year-End 2022 Financial Results
- Nektar reports Q4 EPS (32c), consensus (45c)
- Nektar price target lowered to $3 from $5 at SVB Securities
- Nektar Plunges after Topline Data Misses Primary Endpoint
