Maxim Group analyst Anthony Vendetti has reiterated their bullish stance on BHST stock, giving a Buy rating on September 22.
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Anthony Vendetti has given his Buy rating due to a combination of factors, including BioHarvest Sciences’ recent advancements in plant-based exosome production, which enhance its contract development and manufacturing organization (CDMO) capabilities. This breakthrough is significant as exosomes are increasingly used in cosmetics and therapeutics, and the global market for exosomes is projected to grow substantially by 2030. The company’s innovative Botanical Synthesis platform is expected to deliver higher-purity compounds more efficiently, positioning BioHarvest Sciences for long-term growth.
Additionally, the company’s financial health has improved following a series of warrant exercises and debt conversions, raising significant capital and reducing its debt burden. This financial flexibility supports potential expansions and product launches. Vendetti also anticipates the announcement of new CDMO contracts, further bolstering revenue prospects. Given these growth catalysts and the improved balance sheet, Vendetti has raised the 12-month price target to $15, reflecting confidence in the company’s strategic direction and market opportunities.