Liquidia Technologies (LQDA – Research Report), the Healthcare sector company, was revisited by a Wall Street analyst today. Analyst Serge Belanger from Needham maintained a Buy rating on the stock and has a $32.00 price target.
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Serge Belanger has given his Buy rating due to a combination of factors surrounding Liquidia Technologies. The recent court decision denying United Therapeutics’ request for a temporary restraining order and preliminary injunction against Liquidia’s Yutrepia removes the last significant legal barrier, allowing the company to proceed with its product launch. This legal victory is crucial as it clears the path for Yutrepia to enter the market without further delay.
Belanger’s confidence in Liquidia is further bolstered by Yutrepia’s promising clinical profile, which is characterized by better tolerability and the ability to achieve higher dose levels compared to competitors. These attributes position Yutrepia as a potentially leading treatment in the expanding market for pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease. Consequently, the price target for Liquidia’s stock has been raised to $32, reflecting the reduced risk and positive outlook following the court’s decision.
In another report released on May 31, LifeSci Capital also maintained a Buy rating on the stock with a $41.00 price target.