Jul. 2 at 1:16 PM
$XERS If anyone has noticed I can be all over the place with my short term price targets and have a wide range on long targets.
If you look at CORT, HALO, ADMA etc. you will begin to understand why I say we could be anywhere from
$20-
$70 in 2030.
HALO is sitting at a PE of 10x while generating huge cashflow while CORT is at PE of 180 with decent cashflow this year but looking to expand quickly moving forward. ADMA is sitting at PE of 10 as the excitement has died down a bit since they hit
$23.
There are many factors that are going to drive the stock price here over the 5-10 years. Revenue growth, pipeline, additional products, asset acquisition, generic lawsuits, trials, levo potential.
I think
$40 is a good middle of the road target for 2030 but if they can grow EPS to
$2 by then and the market actually becomes excited about levo then
$70 seems pretty easy as well. If they aren't able to control expenses or grow revs that is where my
$20 bottom of the range comes in.
