Sensorion SAS (RFM – Research Report), the Healthcare sector company, was revisited by a Wall Street analyst today. Analyst Joseph Pantginis from H.C. Wainwright reiterated a Buy rating on the stock and has a €3.00 price target.
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Joseph Pantginis has given his Buy rating due to a combination of factors involving the progress and potential of Sensorion SAS’s SENS-501 study. The study has received a positive review from the Data Monitoring Committee, allowing the company to proceed with the second cohort dose. This indicates a favorable safety and tolerability profile, which is a significant step forward for the trial.
Furthermore, Sensorion has completed the enrollment of the first cohort in their Audiogene study, aiming to restore hearing and enable speech development in young patients with congenital deafness. The study’s design targets a younger demographic, enhancing the potential for effective treatment outcomes. Sensorion’s approach is differentiated from competitors by focusing on patients without prior cochlear implants, allowing for a direct assessment of the SENS-501 gene therapy’s impact.