AKBA-$ 3.10--> $8 pt!
This same analyst was pounding the table before a perceived delay in the news that came today--
2/25
Akebia selloff on NDA timing 'wholly misplaced,' says Piper Sandler 02/25 AKBA Piper Sandler analyst Christopher Raymond recommends using today's post-earnings selloff in shares of Akebia Therapeutics as a buying opportunity. Auryxia sales of $34.6M beat estimates and though management highlighted Covid-19's impact on the renal population as a headwind into 2021, this is not an Auryxia-specific issue, Raymond tells investors in a research note titled "Buyers on Weakness; Hand-Wringing Over Vada NDA Timing Wholly Misplaced." Further, for vadadustat, there is now clarity on the new drug application submission timing, expected mid-Q2, says the analyst. The stock selloff suggests some observers were expecting it sooner, notes Raymond, who says the timing is in line with his expectations. He believes that at current levels, the stock reflects minimal credit for vadadustat even in dialysis. Raymond keeps an Overweight rating on Akebia with an $8 price target.
Feb 8th stk was $5<-----
delay
Today--> $3.15