Global Blood Therapeutics - GBT Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global Blood Therapeutics in the last year. There are currently 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GBT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GBT, but not buy additional shares or sell existing shares.
View GBT analyst ratings or view top-rated stocks.

16 brokers have issued 1 year target prices for Global Blood Therapeutics' stock. Their GBT share price forecasts range from $31.00 to $75.00. On average, they expect the company's stock price to reach $65.50 in the next twelve months. This suggests that the stock has a possible downside of 3.7%.
View analysts price targets for GBT or view top-rated stocks among Wall Street analysts.

Global Blood Therapeutics' stock was trading at $29.27 at the beginning of 2022. Since then, GBT shares have increased by 132.3% and is now trading at $67.99.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our GBT earnings forecast.

Global Blood Therapeutics, Inc. (NASDAQ:GBT) released its quarterly earnings results on Monday, August, 8th. The company reported ($1.26) earnings per share for the quarter, missing the consensus estimate of ($1.19) by $0.07. The business had revenue of $71.55 million for the quarter, compared to analysts' expectations of $64.39 million. Global Blood Therapeutics had a negative net margin of 137.30% and a negative trailing twelve-month return on equity of 170.37%. During the same period in the prior year, the company posted ($1.12) EPS.

20 employees have rated Global Blood Therapeutics Chief Executive Officer Ted W. Love, M.D. on Glassdoor.com. Ted W. Love, M.D. has an approval rating of 100% among the company's employees. This puts Ted W. Love, M.D. in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 90.0% of employees surveyed would recommend working at Global Blood Therapeutics to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Blood Therapeutics investors own include Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Exelixis (EXEL), Pfizer (PFE), AbbVie (ABBV), Intel (INTC), Advanced Micro Devices (AMD), Gilead Sciences (GILD) and Block (SQ).

(GBT) raised $102 million in an initial public offering on Wednesday, August 12th 2015. The company issued 6,000,000 shares at $16.00-$18.00 per share. Morgan Stanley and Goldman Sachs served as the underwriters for the IPO and Cowen and Company and Wedbush PacGrow were co-managers.

Global Blood Therapeutics trades on the NASDAQ under the ticker symbol "GBT."

Global Blood Therapeutics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (6.56%), Price T Rowe Associates Inc. MD (4.61%), FMR LLC (4.57%), Point72 Asset Management L.P. (2.26%), Woodline Partners LP (1.40%) and Driehaus Capital Management LLC (1.19%). Insiders that own company stock include Dawn Svoronos, De Dominicis Robert, Deval L Patrick, Eric Fink, Jeffrey S Farrow, Joshua Lehrer-Graiwer, Lesley Ann Calhoun, Mark L Perry, Nazila Habibizad, Philip A Pizzo, Scott W Morrison, Ted W Love, Tricia Borga Suvari and Willie L Jr Brown.
View institutional ownership trends.

Shares of GBT 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.
Compare Top Brokerages Here.

One share of GBT stock can currently be purchased for approximately $67.99.

Global Blood Therapeutics (NASDAQ:GBT) has a market capitalization of $4.59 billion and generates $194.75 million in revenue each year. The company earns $-303,090,000.00 in net income (profit) each year or ($5.01) on an earnings per share basis.

The company employs 457 workers across the globe.

Global Blood Therapeutics' mailing address is 171 OYSTER POINT BLVD SUITE 300, SOUTH SAN FRANCISCO CA, 94080. The official website for the company is www.gbt.com. The company can be reached via phone at (650) 741-7700 or via email at investor@gbt.com.