Blueprint Medicines (BPMC) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blueprint Medicines in the last twelve months. There are currently 1 sell rating, 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BPMC shares.
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15 Wall Street analysts have issued 1 year price targets for Blueprint Medicines' stock. Their BPMC share price forecasts range from $38.00 to $114.00. On average, they expect the company's stock price to reach $72.84 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
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Blueprint Medicines' stock was trading at $43.81 at the start of the year. Since then, BPMC shares have increased by 33.5% and is now trading at $58.50.
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Blueprint Medicines saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,580,000 shares, a decline of 5.8% from the April 30th total of 3,800,000 shares. Based on an average daily trading volume, of 598,200 shares, the short-interest ratio is currently 6.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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Blueprint Medicines Co. (NASDAQ:BPMC) released its quarterly earnings results on Thursday, May, 4th. The biotechnology company reported ($2.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.66) by $0.51. The biotechnology company had revenue of $63.29 million for the quarter, compared to the consensus estimate of $41.85 million. Blueprint Medicines had a negative net margin of 284.02% and a negative trailing twelve-month return on equity of 100.31%. Blueprint Medicines's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.79) earnings per share.

ETFs with the largest weight of Blueprint Medicines (NASDAQ:BPMC) stock in their portfolio include iShares Genomics Immunology and Healthcare ETF (IDNA), Virtus LifeSci Biotech Products ETF (BBP), ALPS Medical Breakthroughs ETF (SBIO), SPDR S&P Biotech ETF (XBI), WisdomTree BioRevolution Fund (WDNA), BlackRock Future Health ETF (BMED), Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Principal Healthcare Innovators ETF (BTEC).

16 employees have rated Blueprint Medicines Chief Executive Officer Kate Haviland on Glassdoor.com. Kate Haviland has an approval rating of 100% among the company's employees. This puts Kate Haviland in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 93.0% of employees surveyed would recommend working at Blueprint Medicines to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Blueprint Medicines investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), AbbVie (ABBV), Micron Technology (MU), Pfizer (PFE), Gilead Sciences (GILD), QUALCOMM (QCOM), Amarin (AMRN), CRISPR Therapeutics (CRSP) and Nektar Therapeutics (NKTR).

(BPMC) raised $115 million in an initial public offering (IPO) on Thursday, April 30th 2015. The company issued 7,200,000 shares at $15.00-$17.00 per share. Goldman Sachs and Cowen and Company served as the underwriters for the IPO and JMP Securities and Wedbush PacGrow were co-managers.

Blueprint Medicines trades on the NASDAQ under the ticker symbol "BPMC."

Blueprint Medicines' stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (14.59%), BlackRock Inc. (10.95%), Wellington Management Group LLP (8.50%), Price T Rowe Associates Inc. MD (8.18%), State Street Corp (4.56%) and JPMorgan Chase & Co. (2.57%). Insiders that own company stock include Anthony L Boral, Ariel Hurley, Charles A Rowland Jr, Christina Rossi, Christopher K Murray, Debra Durso-Bumpus, Fouad Namouni, George Demetri, Jeffrey W Albers, Kate Haviland, L Becker Hewes, Mark Alan Goldberg, Michael Landsittel, Nicholas Lydon, Percy H Carter and Tracey L Mccain.
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Shares of BPMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BPMC stock can currently be purchased for approximately $58.50.

Blueprint Medicines (NASDAQ:BPMC) has a market capitalization of $3.54 billion and generates $204.04 million in revenue each year. The biotechnology company earns $-557,520,000.00 in net income (profit) each year or ($9.71) on an earnings per share basis.

The company employs 495 workers across the globe.

Blueprint Medicines' mailing address is 45 SIDNEY STREET, CAMBRIDGE MA, 02139. The official website for the company is www.blueprintmedicines.com. The biotechnology company can be reached via phone at (617) 374-7580 or via email at ir@blueprintmedicines.com.