JonesTrading analyst Soumit Roy has maintained their bullish stance on AVBP stock, giving a Buy rating today.
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Soumit Roy has given his Buy rating due to a combination of factors surrounding ArriVent BioPharma, Inc.’s promising developments and strategic moves. The company is approaching a significant milestone with its Phase 3 topline readout expected in early 2026 for their treatment targeting 1L EGFR ex20 mutant lung cancer. This event is seen as a pivotal moment that could significantly impact the company’s valuation, as the stock is currently trading at a relatively low multiple compared to projected peak sales.
Additionally, ArriVent is making strategic preparations for potential approval and commercialization, highlighted by the appointment of Brent S. Rice as Chief Commercial Officer. His extensive experience in global commercialization is expected to bolster the company’s market strategy. The company’s strong cash position and ongoing clinical developments, including the FDA clearance for ARR-217, further support the positive outlook. These elements combined contribute to the Buy rating with a price target of $45, reflecting confidence in the company’s future growth potential.
In another report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $42.00 price target.