Mind Medicine (MNMD) Receives a Rating Update from a Top Analyst
In a report released today, Patrick Trucchio from H.C. Wainwright reiterated a Buy rating on Mind Medicine, with a price target of $55.00.
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Trucchio covers the Healthcare sector, focusing on stocks such as Precision BioSciences, Aligos Therapeutics, and Altimmune. According to TipRanks, Trucchio has an average return of 34.3% and a 52.91% success rate on recommended stocks.
Currently, the analyst consensus on Mind Medicine is a Strong Buy with an average price target of $28.38.
Based on Mind Medicine’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $67.27 million. In comparison, last year the company had a GAAP net loss of $13.68 million
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- Psychedelic: Atai Beckley, Cybin report quarterly earnings
- MindMed’s Earnings Call: Positive Outlook Amid Financial Challenges
- Mind Medicine’s Strong Financial Position and Clinical Progress Drive Buy Rating
- Mind Medicine’s Promising Clinical Progress and Strategic Advancements Justify Buy Rating
- Mind Medicine price target raised to $25 from $16 at Canaccord
