Needham analyst Serge Belanger has maintained their bullish stance on LQDA stock, giving a Buy rating yesterday.
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Serge Belanger has given his Buy rating due to a combination of factors that highlight Liquidia Technologies’ promising position in the market. The company’s confidence in overcoming legal challenges related to the patent suit, coupled with the expected FDA approval of Yutrepia, strengthens its market potential. The differentiation of Yutrepia from existing treatments, particularly its improved tolerability and ability to deliver higher doses, positions it as a superior option for patients.
Furthermore, the clinical data presented at the ATS meeting underscores Yutrepia’s efficacy and safety, demonstrating significant improvements in patient outcomes such as exercise capacity and cardiac effort. The strong management team at Liquidia, with their expertise in the PAH and PH-ILD markets, is well-equipped to capitalize on these advantages and successfully commercialize Yutrepia, addressing unmet needs in these therapeutic areas.
In another report released yesterday, BTIG also maintained a Buy rating on the stock with a $29.00 price target.