JonesTrading analyst Soumit Roy has maintained their bullish stance on ELVN stock, giving a Buy rating today.
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Soumit Roy has given his Buy rating due to a combination of factors including Enliven Therapeutics’ promising clinical trial results and strong financial position. The company reported a 47% cumulative major molecular response (MMR) in their Phase 1 ENABLE trial for ELVN-001 in Chronic Myeloid Leukemia (CML), which is a significant achievement. This data positions ELVN-001 favorably against competitors and sets the stage for a pivotal Phase 3 trial anticipated to begin in 2026.
Additionally, Enliven’s robust cash reserves of approximately $490.5 million as of mid-2025 provide a solid financial runway into late 2026, supporting ongoing and future research initiatives. The valuation analysis, incorporating discounted cash flow and net present value models, suggests a price target of $35, driven by projected peak sales and contributions from ELVN-001 and the company’s cash and technology assets. These factors collectively underpin the Buy rating, reflecting confidence in Enliven’s strategic direction and potential market impact.
According to TipRanks, Roy is an analyst with an average return of -22.3% and a 20.56% success rate. Roy covers the Healthcare sector, focusing on stocks such as Enliven Therapeutics, Nuvation Bio, and Precision BioSciences.
In another report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $48.00 price target.