Curis, the Healthcare sector company, was revisited by a Wall Street analyst today. Analyst Soumit Roy from JonesTrading maintained a Buy rating on the stock and has a $5.00 price target.
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Soumit Roy has given his Buy rating due to a combination of factors related to Curis’s recent developments and future prospects. The company reported promising results from their Phase 1 trial involving a triple combination therapy for AML patients, where a significant portion of patients achieved undetectable levels of minimal residual disease (MRD). This indicates a potential breakthrough in treatment efficacy, which is a positive indicator for the company’s future performance.
Looking ahead, Curis plans to focus on advancing their clinical trials, including a Phase 2 trial in primary central nervous system lymphoma (PCNSL) and a Phase 1 trial in first-line AML. Additionally, the company is preparing to initiate a Phase 2 trial in chronic lymphocytic leukemia (CLL), with patient enrollment expected in late 2025 or early 2026. These strategic developments and the promising clinical data contribute to the positive outlook and justify the Buy rating.
According to TipRanks, Roy is an analyst with an average return of -12.4% and a 27.91% success rate. Roy covers the Healthcare sector, focusing on stocks such as Protara Therapeutics, CervoMed, and Cullinan Management.
In another report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $17.00 price target.