Over 200% Stock Upside - Vanda Pharmaceuticals Undervalued With Robust Portfolio And Pipeline: Analyst
Portfolio Pulse from Vandana Singh
HC Wainwright initiated coverage on Vanda Pharmaceuticals (NASDAQ:VNDA) with a Buy rating and a price target of $18, citing its undervaluation and robust portfolio. Despite challenges like generic competition and a recent FDA CRL, Vanda's strong sales and pipeline make it an attractive M&A target.
November 01, 2024 | 6:05 pm
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HC Wainwright initiated coverage on Vanda Pharmaceuticals with a Buy rating and a price target of $18. The firm is seen as undervalued with a strong portfolio and pipeline, despite challenges like generic competition and a recent FDA CRL.
The analyst's Buy rating and high price target suggest a positive outlook for VNDA, indicating potential stock price appreciation. The mention of undervaluation and a strong portfolio supports this view. Challenges like generic competition and FDA CRL are noted but do not overshadow the positive aspects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100