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4 Speculative Biotech and Biohealth Analysts Calls for Huge Upside

Rigel Pharmaceuticals

On July 13, Rigel Pharmaceuticals Inc. (NASDAQ: RIGL) was started with a Buy rating and its price target was set at $6 at H.C. Wainwright. Rigel previously closed at $2.26, but it ended the week at $2.18. Its 52-week trading range is $1.88 to $3.68, and the consensus analyst price target is $7.25.

This biotech outfit has multiple preclinical and Phase 1, 2 and 3 drug studies going and has a mere $200 million market cap. One real risk for Rigel is that fostamatinib is involved in three different target studies. That means that any hiccup in one study may discourage or overshadow upside views on other indications.

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