MBX Bio drops despite bullish views on Street Oct. 08, 2024 3:15 PM ET By: Dulan Lokuwithana , SA News Editor [Seeking Alpha]
Ascendis Pharma A/S - American Depositary Shares (ASND)
Last ascendis pharma a/s - american depositary shares earnings: 11/18 04:01 pm
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Jefferies, Stifel, and Guggenheim all issued buy ratings on the Carmel, Indiana-based drug developer, which has underperformed the broader pharma sector since its public debut in mid-September. In his bullish thesis, Jefferies analyst Michael Yee highlighted MBX's ( MBX ) buyout potential and its lead candidate MBX 2109, for which a Phase 2 clinical trial is underway in patients with chronic hypoparathyroidism (HP). Designed to give PH patients an infusion-like exposure to parathyroid hormone (PTH), MBX 2109 is positioned to generate more than $2.5B in peak sales, Yee added, with a $35 price target on the stock. “We also see MBX as a potential M&A target given PTH as an orphan indication and obesity are both areas with high strategic pharma interest,” the analyst wrote. Yee also argued that potential acquirers will find MBX's ( MBX ) platform technology attractive for a tuck-in deal as they look to expand into other therapeutic areas. In addition to MBX 2109, Stifel analyst A
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ASND
News
- Ascendis Pharma A/S (NASDAQ: ASND) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Ascendis Pharma A/S (NASDAQ: ASND) had its price target lowered by analysts at TD Cowen from $160.00 to $153.00. They now have a "buy" rating on the stock.MarketBeat
- Ascendis Pharma A/S (NASDAQ: ASND) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $190.00 to $180.00. They now have an "outperform" rating on the stock.MarketBeat
- Ascendis Pharma A/S (NASDAQ: ASND) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $170.00 price target on the stock.MarketBeat
- Ascendis Pharma A/S (NASDAQ: ASND) had its price target raised by analysts at Stifel Nicolaus from $200.00 to $207.00. They now have a "buy" rating on the stock.MarketBeat
ASND
Earnings
- 11/14/24 - Miss
ASND
Sec Filings
- 11/19/24 - Form 144
- 11/14/24 - Form SC
- 11/14/24 - Form 6-K
- ASND's page on the SEC website