Aadi Bioscience (AADI) Receives a Buy from H.C. Wainwright

H.C. Wainwright analyst Robert Burns reiterated a Buy rating on Aadi Bioscience (AADIResearch Report) today and set a price target of $48.00. The company’s shares closed yesterday at $13.88.

Burns covers the Healthcare sector, focusing on stocks such as BioNTech SE, Portage Biotech Inc, and Y-Mabs Therapeutics. According to TipRanks, Burns has an average return of -15.8% and a 29.89% success rate on recommended stocks.

Currently, the analyst consensus on Aadi Bioscience is a Moderate Buy with an average price target of $39.00, implying a 180.98% upside from current levels. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $30.00 price target.

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AADI market cap is currently $290.7M and has a P/E ratio of -1.21.

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Aerpio Pharmaceuticals Inc. is a biopharmaceutical company, which engages in the research and development of treatments for ocular diseases. Its product candidate is AKB-9778, a small molecule activator of the Tie2 pathway, which completed the Phase 2a clinical trial for the treatment of diabetic retinopathy. It also develops ARP-1536, a humanized monoclonal antibody that is in preclinical development stage for the treatment of diabetic vascular complications; and AKB-4924, a selective stabilizer of hypoxia-inducible factor-1 alpha, which has completed a single ascending dose clinical trial for the treatment of inflammatory bowel disease. The company was founded by Joseph H. Garder on November 17, 2011 and is headquartered in Cincinnati, OH.

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