In a report released today, Robert Burns from H.C. Wainwright reiterated a Buy rating on BioNTech SE (BNTX – Research Report), with a price target of $134.00.
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Robert Burns has given his Buy rating due to a combination of factors including BioNTech’s strong position in the PD-1/L1 x VEGF space. The recent acquisition by Pfizer of rights to a similar bispecific underscores the potential of this treatment approach to disrupt existing cancer therapies. BioNTech’s BNT327 is highlighted for its comprehensive clinical development program, targeting multiple solid tumor indications both as a standalone therapy and in combination with other assets.
Furthermore, BNT327’s use of PD-L1 as a target, rather than PD-1, may offer a safety advantage, as studies suggest a more favorable toxicity profile for PD-L1 inhibitors. This strategic positioning and potential safety benefits contribute to the positive outlook for BioNTech’s stock, justifying the Buy recommendation.
Burns covers the Healthcare sector, focusing on stocks such as Perspective Therapeutics, BioNTech SE, and TuHURA Biosciences. According to TipRanks, Burns has an average return of -20.4% and a 27.40% success rate on recommended stocks.
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