
AKRO Stock Forecast & Price Target
AKRO Analyst Ratings
Bulls say
Akero Therapeutics Inc has demonstrated a significant milestone in its clinical development, with the preliminary top-line results from the Phase 2b SYMMETRY study showing efruxifermin as the first drug to achieve a statistically significant reversal of cirrhosis in patients with MASH. The stock experienced a notable increase of 99% following the announcement, reflecting investor confidence in the efficacy of efruxifermin, which exhibited a nearly 40% improvement in fibrosis response among treated patients. The updated model assumptions, including a raised probability of success for treating F4 patients and an increased valuation of the cirrhotic market opportunity, indicate a robust outlook for the company's future financial prospects.
Bears say
Akero Therapeutics reported a significant FY2024 net loss of $252.1 million, equivalent to ($3.75) per share, raising concerns about the company's financial sustainability. The company's operating expenses, dominated by $247.5 million in R&D, highlight the high levels of investment required for developing its lead product candidate, efruxifermin, amid the risks of clinical trial uncertainty and potential delays. Additionally, the presence of key risks, including failed trial results and funding challenges, further complicates Akero's outlook in a competitive market without any current approved therapies for NASH.
This aggregate rating is based on analysts' research of Akero Therapeutics Inc and is not a guaranteed prediction by Public.com or investment advice.
AKRO Analyst Forecast & Price Prediction
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