Corbus Pharmaceuticals Holdings, Inc. CRBP received reaffirmed buy ratings from both H.C. Wainwright and Oppenheimer this week, with analysts citing the company’s diversified pipeline as a key driver for future growth, despite a sharp stock decline after Novo Nordisk‘s NVO mid-stage data on its obesity drug.
Andres Maldonado of H.C. Wainwright reiterated a Buy rating for Corbus with an $80 price target, highlighting that Novo’s recent challenges with monlunabant, a drug targeting the same receptor as Corbus’ CRB-913, should not impact the latter’s potential. The stock currently trades below the $20 mark.
Maldonado stressed that different drugs within the same class could exhibit unique efficacy and safety profiles.
- Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. You can’t afford to miss out if you’re…
