
Cidara Therapeutics (CDTX) Stock Forecast & Price Target
Cidara Therapeutics (CDTX) Analyst Ratings
Bulls say
Cidara Therapeutics's positive outlook is bolstered by the reported strong influenza season for 2024-2025, evidenced by 12 consecutive weeks of above-trend outpatient cases across all HHS regions, which may enhance the demand for its influenza prophylaxis candidate, CD388. The company secured $240 million in funding in April 2024, enabling it to advance the clinical development of CD388, thereby accelerating its market entry. Additionally, the therapeutic advantage of CD388, not relying on the immune system and offering enhanced efficacy, positions it as a compelling alternative to existing vaccines, particularly for high-need populations.
Bears say
Cidara Therapeutics Inc reported a significant net loss of $52.4 million for 4Q24, indicative of ongoing financial challenges and a lack of profitability as the company has consistently operated at a loss. The clinical asset CD388, while showing some potential against influenza, suffers from poor oral bioavailability and rapid renal clearance, raising concerns about its efficacy and market viability. Furthermore, the company's ability to secure favorable partnerships for commercialization appears uncertain, which could further jeopardize its prospects, especially given the inherent risks associated with its clinical development pipeline.
This aggregate rating is based on analysts' research of Cidara Therapeutics and is not a guaranteed prediction by Public.com or investment advice.
Cidara Therapeutics (CDTX) Analyst Forecast & Price Prediction
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