
Cidara Therapeutics (CDTX) Stock Forecast & Price Target
Cidara Therapeutics (CDTX) Analyst Ratings
Bulls say
Cidara Therapeutics Inc is positioned favorably for future growth, as it is advancing CD388, a novel immunotherapeutic asset for influenza prophylaxis, amid a robust influenza season reported by the CDC. The company has secured substantial funding of $240 million raised in April 2024, which supports the rapid development of CD388, enhancing its potential to become a superior preventive option due to its unique mechanism that does not rely on the immune system. Additionally, the strong trend in influenza cases increases the likelihood of widespread uptake for CD388, especially among populations with the greatest medical needs, thereby underscoring a positive outlook for the company's financial performance and product adoption.
Bears say
Cidara Therapeutics Inc. reported a substantial net loss of $52.4 million for Q4 2024, reflecting ongoing financial challenges and a lack of profitability in its operations. The company’s lead asset, CD388, while exhibiting strong potency against influenza, is hampered by poor oral bioavailability and rapid renal clearance, which could hinder its commercial viability. Furthermore, the potential inability to secure partnerships on favorable terms raises concerns about the successful launch of its products, especially given the unpredictable performance of flu vaccines in relation to circulating viral strains.
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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