Analysts At H.C. Wainwright & Co. Set 12-Month Target Of $15 Per Share For ENLV Thanks To High Profile Collaboration Agreement, Multiple Ongoing Clinical Trials

Apr 14, 2023

NES-ZIONA, ISRAEL / ACCESSWIRE / April 14, 2023 / This month, H.C. Wainwright & Co. reiterated its buy rating for Enlivex Therapeutics Ltd. (NASDAQ:ENLV) with a 12-month price target of $15 per share, based on a valuation estimated at $320 million. Despite forecasting a net loss of $1.75 per share in 2023 largely due to high R&D spend, analysts believe the clinical-stage company's $50.2 million in cash and short-term deposits is enough to fund operations through to the second half of 2024. Meanwhile, Enlivex is expecting topline data from multiple ongoing clinical trials for its novel macrophage reprogramming immunotherapy, Allocetra, including a recent high-profile collaboration with BeiGene Ltd throughout the end of 2023 and early 2024. Here's a look at some of the promising developments behind the buy rating.

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