H.C. Wainwright & Co. Managing Director of Equity Research and Senior Healthcare Analyst Raghuram Selvaraju, Ph.D. just reiterated his ‘Buy’ rating on shares of Intec Pharma Ltd. (NASDAQ:NTEC) alongside a price target of $16 USD per share.
Analyst Raghuram Selvaraju commented, “We utilize a discounted cash flow-based risk- adjusted net present value (rNPV) approach in assessing Intec, which deploys a 12% discount rate and 85% probability of success to yield a projected value of $430M. This translates into a price per share of $16.00, assuming roughly 33M shares outstanding as of end-2Q19.”
Based on a last-traded price of $5.50 USD for shares of NTEC on the NASDAQ, Raghuram Selvaraju’s price target represents approximately 190% of potential upside.
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