Microcap Firm ZyVersa Therapeutics Shows Promise Despite IPO Volatility, Analyst Initiates With Buy
Portfolio Pulse from Vandana Singh
HC Wainwright initiated coverage on ZyVersa Therapeutics Inc (NASDAQ:ZVSA) with a Buy Rating and a price target of $2.50. Despite the stock's steady decline since its IPO, the analyst believes ZyVersa has the potential to build significant stockholder value. The company's initial VAR 200 data in diabetic kidney disease patients in 2Q24 is eagerly anticipated and expected to validate the asset and potentially improve both investor sentiment and ZVSA shares.
September 08, 2023 | 6:52 pm
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ZyVersa Therapeutics has been given a Buy Rating by HC Wainwright, with a price target of $2.50. Despite a steady decline since its IPO, the company's potential is recognized, with key data expected in 2Q24.
The Buy Rating and price target set by HC Wainwright indicate a positive outlook for ZyVersa Therapeutics. Despite the stock's decline since its IPO, the company's potential is recognized, particularly with the expected VAR 200 data in 2Q24. This could potentially improve investor sentiment and the stock's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100