Maxim Group analyst Michael Okunewitch has maintained their bullish stance on MDWD stock, giving a Buy rating yesterday.
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Michael Okunewitch has given his Buy rating due to a combination of factors, primarily focusing on MediWound’s financial health and market opportunities. The company reported a solid cash position that is expected to sustain operations through 2028, alongside a steady revenue growth forecast for 2025. This financial stability provides a strong foundation for future growth.
Additionally, MediWound’s strategic advancements in manufacturing and regulatory approvals are poised to meet the high demand for its products, which currently exceeds supply. The ongoing clinical developments, particularly in the EscharEx program, coupled with favorable health economic analyses, suggest significant market potential. Furthermore, the evolving landscape in wound care, highlighted by recent acquisitions and Medicare policy changes, positions MediWound as an attractive acquisition target, enhancing its growth prospects.
In another report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $34.00 price target.