William Blair analyst Sami Corwin has maintained their neutral stance on IPSC stock, giving a Hold rating on July 30.
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Sami Corwin has given his Hold rating due to a combination of factors influencing Century Therapeutics’ current and future prospects. The company’s decision to extend its cash runway into the fourth quarter of 2027 through workforce reduction is seen as a strategic move to ensure the advancement of its early-stage pipeline. This restructuring, while unfortunate for the workforce, is necessary for the company’s focus on developing its key assets, CNTY-101 and CNTY-308, which are expected to progress into clinical stages in the coming years.
Despite the intriguing potential of Century’s iT solid tumor assets, such as the αβ CAR iT cells targeting Nectin-4, the current financial outlook presents challenges. The reported net loss of $32.5 million for the second quarter and the ongoing expenses highlight the financial strain. However, with a cash reserve of approximately $220.1 million, the company is positioned to fund its operations for the next few years, providing a buffer to navigate its developmental milestones. These factors collectively justify the Hold rating, reflecting a cautious optimism balanced with the inherent risks.
According to TipRanks, Corwin is a 2-star analyst with an average return of 0.2% and a 40.57% success rate. Corwin covers the Healthcare sector, focusing on stocks such as Sarepta Therapeutics, Ultragenyx Pharmaceutical, and PTC Therapeutics.
In another report released on July 30, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $0.50 price target.