
CANF Stock Forecast & Price Target
CANF Analyst Ratings
Bulls say
Can Fite Biopharma is a promising biopharmaceutical company with a strong pipeline of orally bioavailable small-molecule drugs targeting the A3 adenosine receptor for treating cancer and inflammatory diseases. Encouraging survival data from its Phase 2a study of namodenoson in advanced pancreatic ductal adenocarcinoma (PDAC) and the initiation of a Phase 2b combination study for namodenoson in pancreatic cancer support a positive outlook. Additional catalysts, such as Phase 3 data for namodenoson in hepatocellular carcinoma (HCC) and data from the pet osteoarthritis study for piclidenoson, could drive further growth and milestone payments. With a projected risk-adjusted net present value (rNPV) of ~$375M and a strong cash position, the stock has a compelling valuation and manageable risks.
Bears say
Can Fite Biopharma is facing potential setbacks in their PDAC program and recently underwent a reverse split and received $4 million in gross proceeds from exercised warrants, leading to a higher discount rate and resulting in a 12-month price target of $5.00 per ADS, lower than the previous target of $8.00 per ADS.
This aggregate rating is based on analysts' research of Can-Fite BioPharma Ltd. and is not a guaranteed prediction by Public.com or investment advice.
CANF Analyst Forecast & Price Prediction
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