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An update from Galecto ( (GLTO) ) is now available.
Galecto, Inc. held its annual stockholders meeting on June 18, 2025, where several key proposals were approved. These included the election of Carl Goldfischer, M.D. and David Shapiro, M.D. as Class II directors, the approval of the issuance of common stock upon conversion of Series A non-voting convertible preferred stock, and the ratification of EY Godkendt Revisionspartnerselskab as the independent registered public accounting firm for 2025.
The most recent analyst rating on (GLTO) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Galecto stock, see the GLTO Stock Forecast page.
Spark’s Take on GLTO Stock
According to Spark, TipRanks’ AI Analyst, GLTO is a Underperform.
Galecto faces significant financial challenges, with no revenue, ongoing losses, and high cash burn. The technical analysis indicates a bearish trend, and the negative valuation metrics reflect the company’s unprofitability. Overall, the stock is risky with potential for further decline unless financial performance improves.
To see Spark’s full report on GLTO stock, click here.
More about Galecto
Average Trading Volume: 273,813
Technical Sentiment Signal: Sell
Current Market Cap: $4.4M
Learn more about GLTO stock on TipRanks’ Stock Analysis page.