
Cidara Therapeutics (CDTX) Stock Forecast & Price Target
Cidara Therapeutics (CDTX) Analyst Ratings
Bulls say
Cidara Therapeutics Inc. is positioned favorably due to its development of CD388, an innovative flu prophylaxis agent that addresses an unmet need in high-risk populations. Recent positive Phase 2 data, a streamlined pathway to a Phase 3 trial with FDA alignment, and Breakthrough Therapy Designation enhance the asset's attractiveness and potential market size. With a prospective acquisition by Merck, anticipated synergies, and a significant peak revenue potential estimated between $7-9 billion, there is a strong foundation for optimism regarding Cidara's future financial performance.
Bears say
Cidara Therapeutics Inc faces significant risks that contribute to a negative outlook, particularly the potential failure to demonstrate clinically meaningful efficacy for its lead asset, CD388, in crucial trials. There are concerns regarding slow enrollment in clinical trials and possible unforeseen clinical and regulatory setbacks that could further delay product development. Additionally, the uncertainty surrounding an acquisition's completion and increasing competitive pressures could adversely affect the company's financial stability and overall valuation.
This aggregate rating is based on analysts' research of Cidara Therapeutics and is not a guaranteed prediction by Public.com or investment advice.
Cidara Therapeutics (CDTX) Analyst Forecast & Price Prediction
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