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PTE

PolarityTE

$2.89

-0.41 (-12.42%)

18:57
11/12/19
11/12
18:57
11/12/19
18:57

PolarityTE price target lowered to $6 from $26 at Piper Jaffray

Piper Jaffray analyst Tyler Van Buren lowered his price target on PolarityTE to $6 after its Q3 results. The analyst notes that the company's SkinTE Q3 sales came in at $0.8M and its launch continues to track "way below" his initial expectations. Van Buren adds that he is cutting his peak sales for the program to about $200M by 2030, which is only about a third of his prior forecast and still assumes that the company can ramp sales to $20M in 2020 and over $100M by 2025. The analyst still keeps his Overweight rating on the stock given its "depressed" valuation.

  • 12

    Nov

PTE PolarityTE
$2.89

-0.41 (-12.42%)

08/09/19
OPCO
08/09/19
NO CHANGE
Target $14
OPCO
Outperform
PolarityTE price target lowered to $14 from $24 at Oppenheimer
Oppenheimer analyst Kevin DeGeeter lowered his price target for PolarityTE to $14 from $24 and maintained an Outperform rating following the company's second quarter results. In a research note to investors, DeGeeter says he believes new management was effective in providing better transparency on metrics of commercial uptake of SkinTE, rationale for a more targeted sales effort in acute and chronic wounds and a timeline for re-engaging the burn market.
08/20/19
CANT
08/20/19
NO CHANGE
Target $50
CANT
Overweight
PolarityTE's patent approval increases probability of patent protection, says Cantor Fitzgerald
Cantor Fitzgerald analyst Elemer Piros notes that PolarityTE was granted a patent by the Canadian Intellectual Property Office related to methods for development and use of minimally polarized function cell micro-aggregate units. The analyst believes that having received the first patent approval, and maintaining a record with no abandoned or lapsed patents, increases the probability of receiving patent protection in other markets. Piros feels confident that direct competition is not a threat at this time given the trade secrets in place for PolarityTE's unique platform. Additionally, the analyst highlights that since creating the Office of the Chief Executive in June, the company has accomplished a number of significant milestones, and he expects more important updates to occur in the second half of 2019. Piros reiterates an Overweight rating and $50 price target on the shares.
09/23/19
CANT
09/23/19
NO CHANGE
Target $50
CANT
Overweight
Cantor 'enthusiastic' about changes taking place at PolarityTE
Cantor Fitzgerald analyst Elemer Piros reiterates an Overweight rating on PolarityTE with $50 12-month price target after the company over the weekend presented 15 patient case studies of SkinTE during the podium presentation at the American Society of Plastic Surgeons' scientific meeting. The analyst feels "enthusiastic" about the changes PolarityTE has made over the last six months. Although its quarterly reports with revenue updates will be the key focus for investors in the near term, "positive trends" could come forward with the "newly formed, highly experienced" sales and marketing teams as well as the support of current management, Piros tells investors in a research note.
11/11/19
CANT
11/11/19
INITIATION
Target $13
CANT
Overweight
Cantor assumes PolarityTE at Overweight, cuts target to $13 from $50
Cantor Fitzgerald analyst Kristen Kluska assumed coverage of PolarityTE and kept an Overweight rating on the shares with a price target of $13, down from the firm's prior target to $50. The stock closed Friday up 32c to $3.31. Kluska lowered the company's peak revenue estimate to $500M from $1.2B in 2032. Expectations are now lower for SkinTE, and as a result, the setup for shares is better for quarterly revenues over the next 12 months, Kluska tells investors in a research note titled "A Current Valuation That Truly Gets Under the Skin." She believes clinical data from three trials next year, head-to-head burn, diabetic foot ulcers and venous leg ulcers, should be positive and could lead to increased awareness and adoption in near term.

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AUO

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LPL

LG Display

$6.22

0.115 (1.89%)

20:17
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ETNB

89bio

$28.38

0.86 (3.13%)

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ANIOY

Acerinox

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BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

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  • 08

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TLSNY

Telia

$0.00

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20:14
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ARWR

Arrowhead

$67.25

1.705 (2.60%)

20:13
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ARGX

Argenx

$147.31

-2.56 (-1.71%)

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  • 16

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STC

Stewart

$43.16

0.28 (0.65%)

19:56
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FAF

First American

$63.05

(0.00%)

19:55
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  • 13

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PFSI

PennyMac Financial

$33.91

0.12 (0.36%)

19:54
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AGIO

Agios Pharmaceuticals

$40.93

0.81 (2.02%)

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BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

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FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

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RCKT

Rocket Pharmaceuticals

$22.37

2.61 (13.21%)

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ARGX

Argenx

$147.31

-2.56 (-1.71%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

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ARGX

Argenx

$147.31

-2.56 (-1.71%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

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  • 08

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