In a report released yesterday, Jason McCarthy from Maxim Group maintained a Buy rating on VistaGen Therapeutics, with a price target of $12.00.
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Jason McCarthy’s rating is based on several compelling factors. VistaGen Therapeutics has recently completed its Phase 3 PALISADE-3 study for fasedienol, a treatment for social anxiety disorder, with results expected by the end of 2025. This study, along with the ongoing PALISADE-4 study, represents significant potential catalysts for the company, especially given the prior success of the PALISADE-2 study.
Fasedienol stands out as a promising candidate in the market, particularly after a competitor’s recent failure to meet primary endpoints in a similar study. This positions fasedienol as a potential first-in-class treatment for social anxiety disorder, a significant unmet need. The stock has already seen a substantial increase in value, reflecting investor optimism. Additionally, the company’s strategic plans for commercialization and revenue projections further support the Buy rating, with a 12-month price target set at $12.
In another report released on November 1, William Blair also reiterated a Buy rating on the stock with a $0.00 price target.