In a report released today, Robert Burns from H.C. Wainwright reiterated a Buy rating on Enliven Therapeutics, with a price target of $48.00.
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Robert Burns has given his Buy rating due to a combination of factors influencing Enliven Therapeutics’ outlook. The company’s financial performance in the second quarter of 2025 showed a net loss that was close to expectations, and their cash reserves are strong enough to support operations through the first half of 2029. This financial stability provides a solid foundation for future growth and development.
Moreover, Enliven’s strategic plans for their ELVN-001 product are promising. The potential regulatory path and the preclinical data presented highlight the drug’s effectiveness, particularly in combination with asciminib. The complementary resistance mutation profiles and the ability to suppress resistant clones make ELVN-001 a compelling candidate for further development. These factors contribute to the positive outlook and justify the Buy rating.
In another report released yesterday, BTIG also reiterated a Buy rating on the stock with a $45.00 price target.