Intel stock extends gains after report of possible U.S. government stake
Investing.com - Wells Fargo raised its price target on Liquidia Technologies (NASDAQ:LQDA) to $31.00 from $25.00 on Wednesday, while maintaining an Overweight rating on the stock. The company’s stock has shown remarkable momentum, gaining over 80% in the past year and currently trading near its 52-week high of $24.83.
The price target increase follows Liquidia’s recent product launch performance that exceeded analyst expectations, with the company reporting 94 unique patient prescriptions per week and 57 patient starts per week.
Wells Fargo had previously anticipated approximately 15% upside on a positive update, but noted that the actual results surpassed their projections.
Prior to the recent stock appreciation, Wells Fargo believed the fundamental benchmark for Liquidia’s update was 80 prescriptions per month, which would align with management’s goal of achieving profitability within four quarters after launch.
The firm compared elements of Liquidia’s launch to those of VRNA and BBIO, suggesting the stock could continue to gain value despite what Wells Fargo described as "a high degree of skepticism" among investors regarding the launch.
In other recent news, Liquidia Technologies Inc . reported its second-quarter earnings for 2025, showcasing a remarkable revenue increase. The company achieved $8.8 million in revenue, significantly exceeding the anticipated $3.92 million. This surge was largely attributed to robust sales of its Eutropia product. However, Liquidia posted a larger-than-expected loss per share of $0.49, compared to the forecasted $0.42. Despite this, the market responded favorably to the revenue beat. Analysts have noted the impressive revenue performance, although specific upgrades or downgrades were not mentioned. These developments highlight the company’s financial activities and market reception in recent times.
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