JonesTrading analyst Debanjana Chatterjee has reiterated their bullish stance on PHVS stock, giving a Buy rating today.
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Debanjana Chatterjee has given his Buy rating due to a combination of factors surrounding Pharvaris’s promising developments and financial stability. The company is approaching a significant milestone with the upcoming topline update from the RAPIDe-3 trial for their on-demand HAE treatment, which is expected to be a pivotal moment for the stock. Additionally, the ongoing progress in their Ph3 CHAPTER-3 prophylaxis study and the anticipated start of the Ph3 CREAATE study further solidify the company’s growth potential.
Moreover, Pharvaris’s strong cash position, bolstered by a recent public offering, provides a solid financial runway into the first half of 2027. This financial stability, coupled with the potential market demand for their treatments, particularly in the moderate-severe patient spectrum, supports the Buy rating. The coexistence of their product with other market offerings like Ekterly suggests a strategic advantage in capturing market share from less effective or invasive therapies.
According to TipRanks, Chatterjee is a 4-star analyst with an average return of 19.3% and a 59.72% success rate. Chatterjee covers the Healthcare sector, focusing on stocks such as Opus Genetics, Tvardi Therapeutics, and KalVista Pharmaceuticals.
In another report released today, Citizens JMP also maintained a Buy rating on the stock with a $52.00 price target.