William Blair analyst Myles Minter has maintained their bullish stance on CTNM stock, giving a Buy rating today.
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Myles Minter’s rating is based on Contineum Therapeutics’ strategic focus on advancing its promising clinical asset, PIPE-791, which is poised to initiate a Phase II proof-of-concept trial for idiopathic pulmonary fibrosis (IPF) in the fourth quarter of 2025. This development is seen as a significant opportunity for the company, as nearly 70% of the firm’s fair value is attributed to this asset, highlighting its potential impact on the company’s valuation.
Additionally, the differentiation of PIPE-791 from other LPAR1 antagonists, particularly in terms of safety, adds to its appeal. While there are delays in advancing PIPE-791 for progressive multiple sclerosis (PrMS) and the peripheral LPAR1 antagonist CTX-343, the company’s strategic decision to prioritize later-stage clinical assets and optimize capital allocation is viewed positively. These factors collectively underpin Minter’s Buy rating for Contineum Therapeutics, Inc. Class A stock.
Minter covers the Healthcare sector, focusing on stocks such as Moderna, Arcturus Therapeutics, and Axsome Therapeutics. According to TipRanks, Minter has an average return of 12.1% and a 53.60% success rate on recommended stocks.
In another report released today, JonesTrading also reiterated a Buy rating on the stock with a $23.00 price target.