Leerink Partners analyst Michael Cherny maintained a Hold rating on Certara (CERT – Research Report) on May 5 and set a price target of $15.00.
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Michael Cherny has given his Hold rating due to a combination of factors that reflect both optimism and caution regarding Certara’s current market position and future prospects. The company is seen as well-positioned to capitalize on long-term opportunities, particularly with the shift away from animal testing models. However, there remains uncertainty about when these potential growth dynamics will significantly impact Certara’s performance.
Despite the promising interest in Certara’s non-animal navigator and strong commercial execution in software and services bookings, there are still challenges. The demand environment is currently facing headwinds due to factors such as IRA price controls and an uneven capital raising landscape, which affect customer decision-making. Until there is more clarity on when these issues might resolve, the Hold rating is maintained, with a 12-month price target set at $15.