Can Fite Biopharma (NYSEAMERICAN:CANF) has been assigned a $7.00 price target by equities research analysts at Maxim Group in a report issued on Monday. The brokerage currently has a “buy” rating on the biotechnology company’s stock. Maxim Group’s target price would suggest a potential upside of 268.42% from the stock’s previous close.
The analysts wrote, “Weeks after the announcement of enrollment of the first patient in the P3 ACRobat study of Piclidenoson in RA, Can-Fite has announced a distribution agreement with Gebro Holdings GmBH for distribution in Spain, Switzerland, and Austria upon regulatory approval.””
Separately, HC Wainwright restated a “buy” rating on shares of Can Fite Biopharma in a research note on Tuesday, October 31st.
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About Can Fite Biopharma
Can Fite Biofarma Ltd is an Israel-based biopharmaceutical company. The Company develops new treatments for autoimmune diseases and cancer. The Company’s drugs are CF101 for Psoriasis treatment, RA treatment, for the treatment of Keratoconjunctictivitis Sicca, for the treatment of Glaucoma, among others; and CF102 for the treatment of liver diseases.
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