Analyst Jason McCarthy of Maxim Group maintained a Buy rating on Inhibikase Therapeutics (IKT – Research Report), with a price target of $8.00.
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Jason McCarthy’s rating is based on Inhibikase Therapeutics’ strategic focus and financial health. The company has shifted its primary focus to advancing its pulmonary arterial hypertension (PAH) program, which is now its lead development asset. This strategic realignment is supported by significant leadership changes, including the appointment of experienced executives such as Mark Iwicki as CEO and David McIntyre as CFO, which strengthens the company’s management team.
Additionally, Inhibikase reported a strong financial position with $93.2 million in cash and marketable securities, providing a financial runway into 2027. The company’s ability to attract $110 million in investments further underscores investor confidence in its PAH program. These factors, combined with the company’s decision to pause its Parkinson’s disease program due to mixed results, indicate a focused and financially supported path forward, justifying the Buy rating.