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0 0.00271125169453225 0.00271125169453225 -0.00203343877089931 0.00497062810664254 0.00790781744238577 0.0101671938544961 0.00768187980117479
Stock impact report

Needham Hikes Centessa (CNTA) PT to $38 on High Potential for ORX-750 Trial Success and M&A Appeal [Yahoo! Finance]

Centessa Pharmaceuticals plc - American Depositary Shares (CNTA) 
Company Research Source: Yahoo! Finance
the firm's price target on Centessa to $38 from $35 with a Buy rating on the shares. Needham suggested that Centessa's stock momentum is poised to persist through 2026 due to the forthcoming data from the dose-escalation cohorts of the ongoing ORX-750 Phase 2a study. Consequently, the firm identified the company as one of the most compelling acquisition targets within the biotech sector for the coming year. Furthermore, on December 10, Oppenheimer assumed coverage of Centessa with an Outperform rating with a price target of $62, which was brought up from $40. The firm has been designated a top pick by Oppenheimer, largely due to its pipeline of potentially best-in-class orexin agonists. Oppenheimer anticipates a commercial launch in H1 2028, projecting that these treatments will dramatically broaden the narcolepsy market by improving diagnosis rates, patient uptake, compliance, and pricing power relative to existing therapies. Believing that the company is currently significantly un Show less Read more
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