
KRON Stock Forecast & Price Target
KRON Analyst Ratings
Bulls say
Kronos Bio Inc. has demonstrated significant advancements in its clinical research, particularly with the p300 KAT inhibitor Istisociclib, which has shown promising pharmacokinetic results at an increased dosage and maintained a favorable safety profile. Preclinical data indicate that p300 KAT inhibition effectively reduces oncogenic marker levels while sparing essential stromal cells, suggesting a potential therapeutic advantage in treating multiple myeloma and HPV-positive cancers. Additionally, upcoming presentations on KB-7898, which targets autoimmune diseases, further highlight Kronos Bio's robust pipeline in addressing critical unmet medical needs in both oncology and immunology.
Bears say
Kronos Bio has been downgraded to Neutral from Overweight, with a significant reduction in its price target to $1 due to the discontinuation of the drug istisociclib following adverse events in clinical trials. The loss of expected value from this drug has led to a reassessment of its financial standing, prompting the company to initiate cost-cutting measures to extend its cash runway, which stood at $124.9 million at the end of Q3 2024. Additionally, the potential for the failure of other pipeline candidates further compounds the company's risk profile and raises concerns about its future growth and stability.
This aggregate rating is based on analysts' research of Kronos Bio Inc and is not a guaranteed prediction by Public.com or investment advice.
KRON Analyst Forecast & Price Prediction
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