Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Investing.com - Raymond James raised its price target on Liquidia Technologies (NASDAQ:LQDA) to $47.00 from $41.00 on Tuesday, while maintaining a Strong Buy rating following the company’s third-quarter earnings report. This target sits below the analyst high target of $54, according to InvestingPro data, which also shows LQDA trading near its Fair Value based on comprehensive financial analysis.
The pharmaceutical company reported Yutrepia net sales of $51.7 million in its first full quarter of launch, exceeding consensus estimates of $15.5 million by more than three times. This performance helped Liquidia achieve profitability earlier than expected, reaching this milestone in less than two full quarters rather than the previously guided three to four quarters.
Yutrepia sales increased by approximately $45 million quarter-over-quarter, compared to a $14 million increase for the U.S. Tyvaso franchise, indicating Liquidia captured about 75% of revenue growth in the space during the third quarter. This impressive growth has contributed to LQDA’s staggering 343% year-over-year revenue increase and 141% stock price return over the past year, as tracked by InvestingPro.
Raymond James noted that Liquidia now has contracts with the three major pharmacy benefit managers (PBMs), and the removal of new patient blocks is progressing, which should support continued growth.
The firm substantially increased its unadjusted peak sales estimate for Yutrepia to approximately $2 billion from $1.1 billion previously, citing "convincing early launch strength" despite adjusting its model for risks associated with potential trademark case outcomes. While LQDA boasts an impressive 89% gross profit margin, InvestingPro identifies that the company is not yet profitable over the last twelve months. Discover more insights and 10+ additional ProTips in the comprehensive Pro Research Report, available for Liquidia and 1,400+ other US equities.
In other recent news, Liquidia Technologies Inc. reported its third-quarter 2025 earnings, exceeding market expectations with a strong performance. The company announced an earnings per share (EPS) of -$0.04, which was significantly better than the anticipated -$0.41. Revenue also showed a remarkable increase, reaching $54.34 million, far surpassing the projected $18.33 million. These results indicate a substantial boost in the company’s financial performance. Additionally, the earnings announcement was followed by a notable rise in investor optimism. The results are considered a positive development for Liquidia Technologies. These recent updates reflect significant progress in the company’s financial standing.
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