Zevra Therapeutics: Buy Rating Affirmed on European Market Expansion and Growth PotentialValuation and Risks. We base our valuation on our discounted cash flow valuation model. We use a weighted average cost of capital (WACC) of 10.8%, and an exit multiple of 8.5x on our 2031 estimates. ZVRA currently trades at ~2.8x EV/2026 Sales, which is lower than we believe it deserves to trade. With continued revenue growth from 2026+, as well as cash generation, we expect ZVRA shares to reward investors through revenue growth, as well as For definitions and the distribution of analyst ratings, analyst certifications, and other disclosures, please refer to pages 3 - 4 of this report.Zevra Therapeutics, Inc.