
Elevation Oncology (ELEV) Stock Forecast & Price Target
Elevation Oncology (ELEV) Analyst Ratings
Bulls say
Elevation Oncology Inc is positioned favorably due to upcoming data catalysts, particularly the anticipated EO-3021 Phase 1 additional monotherapy data in 2Q25 and first-in-human combination data in late 2025, which could enhance investor confidence and facilitate access to further capital. The combination of EO-3021 with dostarlimab represents a strategic opportunity to broaden the use of dostarlimab beyond its current indications, potentially creating a synergistic advantage for both companies. Additionally, EO-3021 has demonstrated promising efficacy and safety, evidenced by a notable overall response rate of 43% in a selected patient population, which further solidifies its profile as a competitive therapeutic option in the oncology landscape.
Bears say
Elevation Oncology Inc. faces significant challenges that could negatively impact its stock performance, primarily driven by its inability to defend its portfolio against competitive risks and regulatory hurdles that may impede product approval. The company's access to capital remains uncertain, which poses a threat to its operational continuity and the timeline for achieving profitability, particularly highlighted by its failure to generate revenues in the fourth quarter of 2024 alongside a net loss of $0.18 per diluted share. Furthermore, the mixed results from clinical trials, including the disappointing efficacy data for EO-3021 among Claudin 18.2-low expressing patients, further exacerbate concerns regarding the potential for future drug development and market viability.
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
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