
Elevation Oncology (ELEV) Stock Forecast & Price Target
Elevation Oncology (ELEV) Analyst Ratings
Bulls say
Elevation Oncology Inc is positioned favorably due to the anticipated data catalysts related to its product candidate EO-3021, with forthcoming Phase 1 monotherapy data and first-in-human combination data projected to enhance its market confidence and facilitate capital access. The strategic combination of EO-3021 with dostarlimab and LLY's VEGFR2 inhibitor, ramucirumab, is expected to create competitive treatment regimens in targeted populations, potentially leading to superior outcomes compared to currently recommended therapies. Additionally, EO-3021’s promising overall response rate of 43% in a selected patient population and its acceptable safety profile further suggest strong future growth potential, reinforcing a positive outlook for Elevation Oncology's financial prospects.
Bears say
Elevation Oncology faces significant challenges that contribute to a negative outlook on its stock, primarily stemming from its inability to defend its product portfolio, which poses a risk of losing market potential for their therapies. The company has reported no revenues in the fourth quarter of 2024, alongside a net loss of $0.18 per diluted share, indicating ongoing financial instability and a struggle to achieve profitability, particularly in light of the need for further capital access for operational sustainability. Furthermore, unfavorable clinical trial outcomes, as evidenced by limited efficacy in key patient populations, along with the inherent risks of drug development, heighten concerns about the company's future viability and market momentum.
This aggregate rating is based on analysts' research of Elevation Oncology and is not a guaranteed prediction by Public.com or investment advice.
Elevation Oncology (ELEV) Analyst Forecast & Price Prediction
Start investing in Elevation Oncology (ELEV)
Order type
Buy in
Order amount
Est. shares
0 shares