Cassava Sciences (SAVA) Stock Receives $44 Price Target

By Amit Chowdhry ● Nov 24, 2022
  • The shares of Cassava Sciences (SAVA) recently received a $44 price target. These are the details.

The shares of Cassava Sciences (SAVA) recently received a $44 price target.

Price target: $44

Rating: Downgraded from “Buy” to “Neutral”

Analyst firm: B. Riley

B. Riley analysts adjusted the rating while citing that recent non-material pipeline and corporate developments as discussed in the third-quarter earnings announcement do not necessarily explain why shares have rallied about 175% off their year-to-date lows seen in late July. And while the analysts are encouraged by the steady pace of expanding enrollment in Phase 3 Alzheimer’s trials, they believe that the company was adversely impacted by limited relevant data disclosures from its ongoing Phase 2 open-label studies.