
Cara Therapeutics (CARA) Stock Forecast & Price Target
Cara Therapeutics (CARA) Analyst Ratings
Bulls say
Cara Therapeutics Inc. demonstrates a positive outlook due to its lead compound, CR845, which has shown statistically significant results in treating pruritus and has a strong foundation for multiple therapeutic applications, including pain management. The company's promising Phase 2 data indicated a notable 40.6% responder rate for a significant reduction in worst-itch outcomes, highlighting the compound's efficacy. Furthermore, the ongoing development of first-in-class molecules through proprietary drug-screening technology positions Cara strategically for future growth within the biotechnology sector.
Bears say
Cara Therapeutics Inc. is currently facing a negative outlook due to significant clinical setbacks, particularly the failure of its oral difelikefalin (DFK) in the Phase 2/3 KOURAGE-1 trial to show meaningful efficacy compared to placebo, leading to the discontinuation of related clinical programs. Additionally, the company’s partnered IV Korsuva revenue prospects have been compromised by unfavorable reimbursement policies, which could further diminish its market potential and revenue stream. With a cash balance of $70 million and an absence of promising future catalysts or value drivers, the company is now considering strategic alternatives, raising concerns about its ability to successfully navigate its operational challenges and develop viable therapeutic products.
This aggregate rating is based on analysts' research of Cara Therapeutics and is not a guaranteed prediction by Public.com or investment advice.
Cara Therapeutics (CARA) Analyst Forecast & Price Prediction
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