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Piper says market 'overreacting' to Arcturus COVID data, sees value in platform 11:03
ARCT
After Arcturus announced this morning its selection of a therapeutic candidate, ARCT-032, for the LUNAR-CF program, Piper Sandler analyst Yasmeen Rahimi noted that "bears may view this morning's announcement as a distraction from ARCT-021's COVID-19 program." However, Rahimi thinks the market has been "overreacting" to the neutralizing titer data from ARCT-021's Phase 1 update and continues to "strongly believe" in the company's mRNA technology platform, the analyst tells investors. Rahimi has an Overweight rating and $140 price target on Arcturus shares.
ARCT took a huge tumble and it was a Motley Fool favorite! A lot of angry fools out there but could there be smart money buying now? I wonder. I think probably. It's 50-50 but this name could double.
UK study supports potential of Arcturus COVID vaccine candidate, says Ladenburg 07:18 ARCT, MRNA, PFE Ladenburg analyst Wangzhi Li said that a UK study of 2,826 healthcare and frontline workers with high exposure risk to COVID-19 shows "strong evidence" that T cell response alone in seronegative subjects could achieve complete protection from COVID-19 without antibody response, which the analyst points to as support for the view that there is a "good probability" that Arcturus Therapeutics' (ARCT) ARCT-021 can ultimately achieve "90+% protection efficacy" despite the latest ARCT-021 data update that raised questions about a lower titer of neutralizing antibody response. The analyst, who still sees a good probability for ARCT-021 to achieve efficacy close to that seen with the vaccines from Moderna (MRNA) and Pfizer (PFE), keeps a Buy rating and $123 price target on Arcturus shares.