H.C. Wainwright Reiterates Buy Rating on Paratek Pharmaceuticals (PRTK), Cites Impressive Preclinical Results in MAC Lung Infections

March 9, 2022 6:10 AM EST
Get Alerts PRTK Hot Sheet
Price: $1.65 -2.37%

Rating Summary:
    12 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 12
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H.C. Wainwright analyst Ed Arce reiterated a Buy rating and $27.00 price target on Paratek Pharmaceuticals (NASDAQ: PRTK), following a recent data update.

The analyst quotes: "Our price target on PRTK shares is supported by our rNPV model that is driven primarily by U.S. sales of NUZYRA for ABSSSI and CABP (in both the hospital and community settings) through 2031E (peak sales $693M in 2027; zero terminal value), as well as NTM (peak sales $723M) discounted at 13.5%, resulting in a risk-adjusted value of $24.00 per share. We also include $2.29 per share for the future procurement of NUZYRA by BARDA, and $0.56 per share for royalties on U.S. net sales of SEYSARA by partner Almirall, S.A. (BME: ALM; not rated) through 2031E. Risks to the attainment of our PT include, among others, commercial risk of missing guided sales targets; failed or equivocal results in NTM; unforeseen safety and/ or tolerability issues; and dilution to current shareholders from additional equity offering(s)."

For an analyst ratings summary and ratings history on Paratek Pharmaceuticals click here. For more ratings news on Paratek Pharmaceuticals click here.

Shares of Paratek Pharmaceuticals closed at $3.39 yesterday.

By Vlad Schepkov | [email protected]

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Equity Offerings, H.C. Wainwright, Ed Arce, Vlad Schepkov