In a report released on February 7, David Martin PhD from Bloom Burton maintained a Buy rating on Medexus Pharmaceuticals Inc (MDP – Research Report), with a price target of C$6.00.
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David Martin PhD has given his Buy rating due to a combination of factors that suggest Medexus Pharmaceuticals Inc. is positioned for potential growth. The company’s recent financial performance, specifically its reported revenues and EBITDA, have met expectations, indicating stable management and operational efficiency.
Additionally, the pharmaceutical company continues to focus on expanding its product pipeline, which could lead to increased market share and revenue growth in the future. Despite the above-average risk, the strong fundamentals and strategic direction support a positive outlook for the stock.
Martin PhD covers the Healthcare sector, focusing on stocks such as Repare Therapeutics, Aurinia Pharmaceuticals, and ESSA Pharma. According to TipRanks, Martin PhD has an average return of 17.8% and a 49.21% success rate on recommended stocks.
In another report released on February 7, Raymond James also maintained a Buy rating on the stock with a C$8.00 price target.