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What Analysts Recommend for Bluebird Bio Stock

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Jul. 31 2018, Updated 3:25 p.m. ET

Analysts’ estimates and recommendations

As previously discussed, analysts expect Bluebird Bio (BLUE) to post revenue of $9.6 million, a net adjusted loss of ~$123.5 million, and EPS of -$2.35 in the second quarter. Of the 21 analysts tracking Bluebird Bio, five recommend “strong buy,” nine recommend “buy,” six recommend “hold,” and one recommends “sell.” 

Their consensus rating for Bluebird Bio is 2.14, which represents a “buy” for long-term growth investors and a moderate “buy” for value investors. The chart below shows analysts’ recommendations for Bluebird Bio stock over the last 12 months.

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Analysts’ ratings

Bluebird Bio’s stock price has risen ~60.5% over the last 12 months but has fallen ~12.8% year-to-date. Analysts’ target price of $219.06 for the stock implies a ~41.1% upside to its July 30 price of $155.25.

Bluebird Bio’s valuation

Bluebird Bio’s forward EV[1.enterprise value]-to-sales multiple is 119.8x, while the industry average is ~33.6x. The VanEck Vectors Biotech ETF (BBH) invests 1.3% of its holdings in Bluebird Bio, 4.6% in BioMarin (BMRN), 5.6% in Celgene (CELG), and 5.4% in Allergan (AGN).

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