Kardigan (NASDAQ:KARD) Research Coverage Started at HC Wainwright

HC Wainwright started coverage on shares of Kardigan (NASDAQ:KARD) in a report released on Wednesday morning, Marketbeat.com reports. The firm issued a buy rating and a $42.00 price objective on the stock. HC Wainwright also issued estimates for Kardigan’s Q3 2026 earnings at ($0.80) EPS, Q4 2026 earnings at ($0.84) EPS, FY2026 earnings at ($4.01) EPS, Q1 2027 earnings at ($0.85) EPS, Q2 2027 earnings at ($0.86) EPS, Q3 2027 earnings at ($0.79) EPS, Q4 2027 earnings at ($0.80) EPS, FY2027 earnings at ($3.29) EPS, FY2028 earnings at ($3.75) EPS, FY2029 earnings at ($4.15) EPS and FY2030 earnings at ($0.79) EPS.

Other research analysts also recently issued reports about the company. Leerink Partners began coverage on Kardigan in a research report on Monday, July 13th. They set an “outperform” rating and a $37.00 target price for the company. Jefferies Financial Group started coverage on shares of Kardigan in a research note on Monday, July 13th. They set a “buy” rating and a $40.00 price target on the stock. Zacks Research upgraded Kardigan to a “hold” rating in a research note on Wednesday, July 15th. Cantor Fitzgerald began coverage on Kardigan in a report on Thursday, October 29th. They set an “overweight” rating and a $50.00 price target for the company. Finally, UBS Group initiated coverage on Kardigan in a research note on Monday, October 12th. They issued a “buy” rating and a $25.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kardigan currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.12.

Kardigan Stock Performance

Kardigan stock opened at $15.52 on Wednesday. Kardigan has a 1-year low of $12.23 and a 1-year high of $27.00. The company has a 50 day simple moving average of $15.71. The stock has a market capitalization of $1.45 billion and a P/E ratio of -5.39.

Kardigan (NASDAQ:KARD) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($4.61) earnings per share (EPS) for the quarter. Research analysts expect that Kardigan will post -3.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Kardigan

A number of large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. purchased a new position in shares of Kardigan during the third quarter valued at approximately $31,000. China Universal Asset Management Co. Ltd. purchased a new stake in Kardigan during the third quarter worth approximately $47,000. Squarepoint Ops LLC acquired a new stake in Kardigan during the second quarter worth about $247,000. Citadel Advisors LLC bought a new stake in Kardigan during the second quarter worth approximately $2,862,000. Finally, Braidwell LP acquired a new position in shares of Kardigan during the 2nd quarter worth $7,155,000.

Kardigan News Roundup

Here are the key news stories impacting Kardigan this week:

• Positive Sentiment: Kardigan completed enrollment in the Phase 2b KATALYST-AV trial evaluating ataciguat in people with aortic stenosis. The company also reported new evidence intended to inform patient selection and trial endpoints. Enrollment completion advances the study toward results, although no efficacy findings were reported in the provided announcement. Kardigan completes enrollment in Phase 2b KATALYST-AV trial
• Positive Sentiment: HC Wainwright maintained a Buy rating and a $42 price target. That bullish view may bolster sentiment, but the analyst’s earnings projections still anticipate losses in coming years. Kardigan now covered by analysts at HC Wainwright
• Neutral Sentiment: HC Wainwright forecasts a 2026 loss of $4.01 per share and a 2027 loss of $3.29 per share, underscoring Kardigan’s ongoing cash-consuming development stage. The provided articles do not report a change to the analyst’s rating or target.

About Kardigan