
Galectin Therapeutics (GALT) Stock Forecast & Price Target
Galectin Therapeutics (GALT) Analyst Ratings
Bulls say
Galectin Therapeutics Inc. is positioned favorably due to the potential for a more rapid development path and favorable FDA alignment, which could accelerate the commercialization of belapectin as a treatment for liver fibrosis. The upcoming Phase 2b 18-month data readout is expected to serve as a crucial milestone, with indications that the revised trial design may enhance the likelihood of success by utilizing a larger and better-powered sample size. Furthermore, the positive response from investigators, as evidenced by the oversubscription of the NAVIGATE trial, suggests strong confidence in belapectin's clinical potential and may act as a significant catalyst for the stock.
Bears say
Galectin Therapeutics Inc. reported a substantial net loss of $11.2 million in the third quarter of 2024, raising concerns about its financial health and sustainability in the face of ongoing clinical trials. The company's primary drug candidate, belapectin, demonstrated disappointing results in the NAVIGATE trial, failing to meet management's expected benefits and casting doubt on its future development for treating liver fibrosis. Additionally, uncertainties surrounding clinical trial outcomes, potential safety issues, and funding challenges for future phases of development contribute to a negative outlook on the company's stock performance.
This aggregate rating is based on analysts' research of Galectin Therapeutics and is not a guaranteed prediction by Public.com or investment advice.
Galectin Therapeutics (GALT) Analyst Forecast & Price Prediction
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