Citizens JMP has revised its price target for PolyPid (PYPD, Financial) from $16 to $14 while maintaining an Outperform rating on the stock. This update follows PolyPid's announcement of expected gross proceeds totaling $26.7 million, resulting from the exercise of 7.6 million existing warrants now re-priced at $3.50. Additionally, the company plans to issue another 7.6 million warrants at $4.50. The firm expresses optimism in the market potential of D-PLEX100, indicating that the warrant exercises strengthen their confidence. This development suggests a positive trajectory for PolyPid’s market strategy.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for PolyPid Ltd (PYPD, Financial) is $13.50 with a high estimate of $15.00 and a low estimate of $12.00. The average target implies an upside of 267.85% from the current price of $3.67. More detailed estimate data can be found on the PolyPid Ltd (PYPD) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, PolyPid Ltd's (PYPD, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
PYPD Key Business Developments
Release Date: May 14, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- PolyPid Ltd (PYPD, Financial) successfully concluded enrollment of the Shield 2 phase 3 trial, which is a significant milestone for the company.
- The company anticipates submitting a new drug application (NDA) for Dplex 100 in early 2026, leveraging fast track and breakthrough therapy designations.
- PolyPid Ltd (PYPD) has secured $15 million in financing, extending its cash runway into the third quarter of 2025.
- There is growing interest from potential US partners for Dplex 100, indicating strong commercial potential.
- The total addressable market for Dplex 100 in the US is substantial, with over 12 million surgeries annually, providing a significant commercial opportunity.
Negative Points
- PolyPid Ltd (PYPD) reported a net loss of $8.3 million for the first quarter of 2025, an increase from the $6.4 million loss in the same period of 2024.
- Research and development expenses increased to $6.1 million, up from $5.1 million in the previous year, driven by the Shield 2 trial.
- The company has not finalized its pricing strategy for Dplex 100, which could impact future revenue projections.
- There are uncertainties regarding the FDA inspection readiness and capacity to meet demand post-launch.
- The company's cash and cash equivalents stand at $8 million, which may not be sufficient if additional funding is not secured.
