Citi analyst Yigal Nochomovitz downgrades $Summit Therapeutics (SMMT.US)$ to a hold rating, and adjusts the target price from $19 to $23.
According to TipRanks data, the analyst has a success rate of 45.9% and a total average return of 14.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Summit Therapeutics (SMMT.US)$'s main analysts recently are as follows:
Since May, following significant share price appreciation, Summit Therapeutics has exceeded prior market expectations. The company's value has surged with a market capitalization reaching $16B, propelled by optimistic results from the HARMONi-2 study. While acknowledging the potential for shares to rise swiftly with further positive outcomes from HARMONi-2/3/6 studies or pivotal data in areas other than lung cancer, visibility on the timing remains low. The current valuation is perceived as reasonable for the time being.
Investor focus is appropriately centered on the outcomes from the HARMONi-2 study, which compares ivonescimab directly with pembrolizumab. Nonetheless, a range of significant data presentations at WCLC24 and ESMO24 concerning the PD-[L]1/VEGF class for various solid tumor types deserves attention. The array of data presented at ESMO24 has led to an increase in the perceived likelihood of success for all indications within this class.
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花旗分析师Yigal Nochomovitz下调$Summit Therapeutics (SMMT.US)$至持有评级,并将目标价从19美元上调至23美元。
根据TipRanks数据显示,该分析师近一年总胜率为45.9%,总平均回报率为14.1%。
此外,综合报道,$Summit Therapeutics (SMMT.US)$近期主要分析师观点如下:
自5月以来,summit therapeutics的股价显著上涨,已超过先前市场预期。该公司市值激增至160亿美元,受HARMONi-2研究的乐观结果推动。尽管承认随着HARMONi-2/3/6研究或除肺癌以外其他领域的关键数据进一步取得积极成果,股价有可能迅速上升,但关于时机的可见性仍然较低。目前的估值被视为目前合理。
投资者的关注焦点适当地集中在HARMONi-2研究结果上,该研究将ivonescimab与pembrolizumab直接进行比较。然而,在WCLC24和ESMO24举办的一系列重要数据发布会上,涉及PD-[L]1/VEGF类别的各种固性肿瘤类型值得关注。在ESMO24上呈现的数据范围导致人们认为该类别内所有适应症的成功可能性增加。
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