Analyst Sam Slutsky of LifeSci Capital maintained a Buy rating on Oruka Therapeutics, retaining the price target of $41.00.
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Sam Slutsky has given his Buy rating due to a combination of factors including Oruka Therapeutics’ promising clinical developments and financial position. The company has made significant progress with its lead asset, ORKA-001, which is currently in a Phase 2a study for psoriasis. The potential for ORKA-001 to achieve blockbuster status is high, given its expected best-in-class efficacy and safety profile, as well as the innovative dosing regimen that could offer long-term disease remission.
Additionally, Oruka’s financial health is robust, with $351.5 million in cash, providing more than 2.5 years of operational runway at the current burn rate. The company’s pipeline, including ORKA-002 and the stealth-mode ORKA-003, presents multiple opportunities for clinical and commercial success. These factors contribute to a relatively high floor value for the company, making it an attractive investment opportunity.
In another report released on July 28, Stifel Nicolaus also maintained a Buy rating on the stock with a $47.00 price target.