
Cidara Therapeutics (CDTX) Stock Forecast & Price Target
Cidara Therapeutics (CDTX) Analyst Ratings
Bulls say
Cidara Therapeutics Inc. has demonstrated a strengthening market opportunity for its clinical-stage asset, CD388, aimed at influenza prophylaxis, which is underscored by a revised probability of success increasing from 65% to 75%. The company's strategic partnership with BARDA, providing an initial funding of $58 million, enhances its capacity for domestic production and supply of CD388, further validating its clinical utility. Additionally, updated financial projections estimate peak sales for CD388 to reach $2.8 billion in the U.S., highlighting the significant growth potential of the asset and reinforcing a positive outlook for the company's stock.
Bears say
Cidara Therapeutics Inc has a persistent history of financial losses and has not demonstrated a reliable path to profitability, raising concerns about its financial stability. The company's ability to secure partnerships could be jeopardized by unfavorable terms, which may hinder commercial launch efforts of its products. Additionally, risks related to clinical efficacy, safety signals, and potential litigation could impede the development and successful commercialization of Cidara's pipeline candidates, adding further uncertainty to its financial outlook.
This aggregate rating is based on analysts' research of Cidara Therapeutics and is not a guaranteed prediction by Public.com or investment advice.
Cidara Therapeutics (CDTX) Analyst Forecast & Price Prediction
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