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Mind Medicine ( (MNMD) ) has provided an announcement.
MindMed has reported strong enrollment in its three Phase 3 trials for MM120 ODT, targeting GAD and MDD, with data expected in 2026. The company has bolstered its leadership by appointing Brandi L. Roberts as CFO, and maintains a strong financial position to support its operations into 2027, indicating a promising outlook for its therapeutic developments.
The most recent analyst rating on (MNMD) stock is a Buy with a $21.00 price target. To see the full list of analyst forecasts on Mind Medicine stock, see the MNMD Stock Forecast page.
Spark’s Take on MNMD Stock
According to Spark, TipRanks’ AI Analyst, MNMD is a Neutral.
Mind Medicine’s stock score is primarily impacted by its weak financial performance, marked by zero revenue and substantial net losses typical of clinical-stage biotech firms. The strong liquidity position is offset by reliance on equity financing. Technical analysis shows moderate positive momentum, but valuation metrics are unattractive with a negative P/E ratio. The lack of earnings call data and corporate events leaves financial performance as the dominant factor in the overall score.
To see Spark’s full report on MNMD stock, click here.
More about Mind Medicine
Mind Medicine (MindMed) Inc. is a late-stage clinical biopharmaceutical company focused on developing novel product candidates to treat brain health disorders. The company is primarily engaged in advancing treatments for conditions such as Generalized Anxiety Disorder (GAD) and Major Depressive Disorder (MDD) through its MM120 Orally Disintegrating Tablet (ODT).
Average Trading Volume: 1,242,538
Technical Sentiment Signal: Strong Buy
Current Market Cap: $733.5M
For an in-depth examination of MNMD stock, go to TipRanks’ Overview page.