Maxim Sees Over 200% Upside for MannKind Corporation (MNKD)


 

Shares of MannKind Corporation (NASDAQ:MNKD) are up nearly 3% in Friday trading session, as the inhaled insulin drug maker gets a vote of confidence from Maxim analyst Jason Kolbert. The analyst initiated coverage on MNKD with a Buy rating and price target of $4.00, which represents a potential upside of 245% from where the stock is currently trading. (To watch Kolber’s track record, click here)

To back up his bullish stance, Kolbert wrote, “Afrezza could shift the paradigm in diabetes management and with Afrezza now in the hands of a very capable management team, the focus is on execution. In the U.S., a conservative 5% share of the insulin market is a $350M opportunity. At the current ~$120M market capitalization there is significant upside, in our view.”

“We model Afrezza in adult diabetes, followed by launch for pediatrics in 2021. Given the challenges associated with the Sanofi launch and the early stage of the MannKind relaunch, a risk cut of 30% is applied to the adult diabetes model. A risk cut of 50% is applied to the pediatric diabetes model based on the early stage of development. A 30% discount is applied to the Free Cash Flow, Discounted EPS, and Sum-of-the-Parts models, which are equally weighted to derive a $4 price target,” the analyst added.

Overall, out of the 3 analysts polled in the past 12 months, 2 rate MannKind stock a Sell, while 1 rates the stock a Buy. With a return potential of 92%, the stock’s consensus target price stands at $2.27.

 

  • Donna

    WELL. I was diagnosed with type 2 Diabetes and put on Metformin on June 26th, 2016. I started the ADA diet and followed it 100% for a few weeks and could not get my blood sugar to go below 140. Finally i began to panic and called my doctor, he told me to get used to it. He said I would be on metformin my whole life and eventually insulin. At that point i knew something wasn’t right and began to do a lot of research. Then I found Lisa’s diabetes story (google ” HOW EVER I FREED MYSELF FROM THE DIABETES ” ) I read that article from end to end because everything the writer was saying made absolute sense. I started the diet that day and the next morning my blood sugar was down to 100 and now i have a fasting blood sugar between Mid 70’s and the 80’s. My doctor took me off the metformin after just three week of being on this lifestyle change. I have lost over 30 pounds and 6+ inches around my waist in a month. The truth is we can get off the drugs and help myself by trying natural methods