Edward White, an analyst from H.C. Wainwright, reiterated the Buy rating on Karyopharm Therapeutics (KPTI – Research Report). The associated price target remains the same with $7.00.
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Edward White’s rating is based on Karyopharm Therapeutics’ solid financial performance and strategic developments. The company’s reported revenue and EPS for 4Q24 surpassed expectations, indicating strong management and operational efficiency. Furthermore, Karyopharm’s flagship product, Xpovio, has shown consistent demand in 2024 with a promising outlook, as it is approved for multiple indications by the FDA and has gained reimbursement approvals in key international markets.
Additionally, Karyopharm’s financial guidance for 2025 suggests a stable revenue stream, supported by a robust cash position projected to extend into 1Q26. The ongoing Phase 3 trials, including the pivotal XPORT-MM-031 trial for Xpovio, are pivotal factors influencing the Buy rating, as they hold the potential to expand treatment indications and drive future growth. These elements combined provide a compelling case for the stock’s potential appreciation, justifying Edward White’s Buy rating.
According to TipRanks, White is an analyst with an average return of -5.0% and a 35.71% success rate. White covers the Healthcare sector, focusing on stocks such as Valneva, 60 Degrees Pharmaceuticals, Inc., and Chimerix.
In another report released today, Barclays also maintained a Buy rating on the stock with a $5.00 price target.