Target Price of 3.25Yes, I'm not thrilled either with the $3.25 target price. Although if you put it into perspective it would have been a dream for a $3.25 target price in December. I would have never thought it was realistically possible then!
But remember: This is just an initial estimate based upon current circumstances and conservative projections. As things develop, the target price may be adjusted.
I think there will be many developments this year. We have up to 3 Phase 3 trials starting for 3 different indications. When those trials get underway, the stock will adjust. And perhaps the target price will adjust too.
Plus, we have another analyst estimate we can point to - and that one values the company at $500M (about $5 a share). So the average is somewhere in between.
I think the true value of the company is much higher than either estimate. And people are starting to figure that out...
IMHO. DYODD. GLTA.