BizPortal Tel Aviv
Oppenheimer bullish on OPKO "Investors underestimate" Upside
Pharma company of Philip Frost gets warm recommendation today from Oppenheimer's Research Department, began to cover on recommendation of 'Outperform'
Research Department at Oppenheimer started today covering the stock Opko Health.
A recommendation of 'Outperform' with a target price of $ 13, meaning upside of nearly 40% over yesterday's closing price.
Analysts explain the target price sums up all parts "because the company has a wide range of products."
Looking ahead, Oppenheimer marks a number of key products.
Opko Health is expected to launch two diagnostics products in 2015, and two pharma products in 2016, which we believe to be the most significant valuation," write the research department.
They point out that the main focus should be on the diagnostic products, especially 4Kscore and Claros-1, although Opko is known more for its drug pipeline.
Overall perspective, Oppenheimer assessment is that investors underestimate their assessment of the potential of 4Kscore, and they expect that the product will expand well beyond the target market it is targeting.
The 4Kscore intended to diagnose prostate cancer, is expected to market to about a million customers, and will also in the long term a much broader market of about 30 million customers, according to Oppenheimer.
Analysts estimate that the 4Kscore has a value of about $ 5 per share.
Other products that add value are Claros-1 (a value of $ 2.5 per share), Rayaldy in a Phase 3 clinical trial right now (about $ 4 per share) and hGH-CTP ($ 1.5) per share.
Sorry but one thing this issue does not do is trade sideways. With so many trapped shorts in their death throws the ride should be wild...
Loaded 4.2k OPK this morning yo. I think you are on to something there. Frost is like a cat batting Bozza around toying with him before the kill.
You thinking it gets under 1.10 again? I think the sequential revenue gain and the big boy person reporting his buys may have put the bottom in. Gonna be tough getting anymore in low ones. Heck I can't even get filled in the 1.20s now.
No buyers... I believe mist folks that follow this issue are waiting for the next Stock 'n Sectors video to come out. Not sure what CB is waiting on...
Doubt anyone is dumb enough to short here and get run over by Pessin, a4, and b-frizzle yo. I wouldn't expect many shorts till we cross 2.50 or so.
A8bil - check out DAEG. A4 and I are clubbing over there along with Norman Pessin who recently just clubbed a 12.2% stake.
You being a lawyer might find this one especially interesting since their main growth application is an eDiscovey product.
Why do you have high hopes for the cat? They are going through a horrendous stretch with no signs of light at the end of the tunnel. I guess in this market, that first really matter since mist stocks go up everyday no matter what. Maybe that's what you are hoping for.
You are spot on. They have also managed to burn through their 15 million cash hoard as well I see.
The PPS there is worse than TSLA.