Your question should be price target after ADCOM... The major price movement is going to occur during and after ADCOM when most of the speculation will move the stock. After a huge jump up, there will be little room for additional gains after actual FDA approval (Followed by an immediate sell off, until the company starts producing earnings) Believe me, when ADCOM is involved thats when the stock moves the most. After a very strong vote on ADCOM FDA approval is basically priced in. We should see $9 - $12 the day following ADCOM and that is when I will unload my 25,500 shares.
Do you mean after advisory decision if a positive vote?
Well follow the money trail now and see if this goes over 5.00 'before' panel vote
NIce exit price near or beyond 5.00 with no risk -
DEpending on how decisive the vote is also might determine post advisory panel price-
SAfe bet is to exit all or some of holdings before any decision.
Old saying 'If you dont take your profits,somebody else will.
i expect a positive panel vote- selloff,then increase in share price near or after FDA positive PDUFA decision
My targets are as follows: Positive PDUFA outcome $6 to $6.5 range. Small correction down to $5.20 while waiting for FDA. Positive FDA will be in $9 to $10 range. If analysts provide upgrade may be we touch $12 briefly on short covering.