Berenberg placed a Buy rating on Atai Life Sciences (ATAI) with a $12 price target saying the company has made “exceptional progress” since its initiation with a Positive rating six months ago. Atai has a building pipeline momentum, its funding is secured, Phase 3 entry for its lead programmed is due in the first half 2026, and several more catalysts are expected over the next 12 months, the analyst tells investors in a research note. Berenberg sees the stock’s momentum continuing.
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