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Ayala's Stock Surges After Ladenburg Initiates Coverage With Price Target Of $29

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Ayala's Stock Surges After Ladenburg Initiates Coverage With Price Target Of $29
  • Ayala Pharmaceuticals Inc (NASDAQ: AYLAinitiated with Buy with a $29 (around 120% upside) at Ladenburg Thalmann analyst price target. 
  • The analyst says the company has the most diversified gamma-secretase inhibitor play in the public markets. 
  • Demir sees near-to-medium term value play considering Ayala's "wide clinical pipeline that offers plenty of interesting /compelling optionality."
  • In April, the first patient was dosed in Phase 1 AL102 Combination Trial with Novartis' Anti-BCMA Agent for multiple myeloma.
  • Ayala expects an initial interim data read-out from part A of desmoid tumor Phase 2/3 pivotal trial study and dose selection by mid-2022.
  • Cash and cash equivalents of $56 million are sufficient to provide a cash runway into 2023.
  • Price Action: AYLA shares are up 17.3% at $12.43 during the market session on the last check Tuesday.

Latest Ratings for AYLA

DateFirmActionFromTo
Aug 2021OppenheimerMaintainsOutperform
Jul 2021Ladenburg ThalmannInitiates Coverage OnBuy
Dec 2020Roth CapitalInitiates Coverage OnBuy

View More Analyst Ratings for AYLA
View the Latest Analyst Ratings

 

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Posted-In: BriefsBiotech News Health Care Price Target Initiation Analyst Ratings General

Latest Ratings

StockFirmActionPT
CMCSAExane BNP ParibasInitiates Coverage On72.0
CHTRExane BNP ParibasInitiates Coverage On956.0
CRBMO CapitalUpgrades3.3
RGENCraig-HallumMaintains368.0
SEELRoth CapitalUpgrades8.0
View the Latest Analytics Ratings
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