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0.00515463917525774 0.00515463917525774 0.00515463917525774 0.0103092783505155 -0.0206185567010308 -0.0154639175257731 -0.0309278350515463 -0.0411855670103092
Stock impact report

H.C. Wainwright Initiates Rani Therapeutics (RANI) with Buy and $11 PT on RaniPill Potential [Yahoo! Finance]

Rani Therapeutics Holdings, Inc. - Class A (RANI) 
Company Research Source: Yahoo! Finance
Wainwright analyst Brandon Folkes assumed coverage of Rani Therapeutics with a Buy rating and $11 price target. The firm believes that the company has 3 major value drivers: the platform technology RaniPill, a recent collaboration agreement with Chugai Pharmaceutical for a hemophilia product, and an additional five drug targets, as well as RT-114, which is an oral GLP-1/GLP-2 dual agonist candidate. H.C. Wainwright Initiates Rani Therapeutics (RANI) with Buy and $11 PT on RaniPill Potential H.C. Wainwright expects data readouts on RT-114 to be the biggest driver of near-term value creation for the company's shares. A day prior, on October 20, Maxim raised the firm's price target on Rani Therapeutics to $10 from $5 with a Buy rating on the shares after the company announced the licensing deal with Chugai Pharmaceutical and a concurrent private placement to raise $60 million in proceeds. Rani Therapeutics Holdings Inc. (NASDAQ:RANI) is a clinical-stage biotherapeutics company that Show less Read more
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