H.C. Wainwright reiterates Achieve Life Sciences stock rating on trial data
H.C. Wainwright reiterated a Buy rating and $12.00 price target for Achieve Life Sciences (ACHV) after 52-week ORCA-OL study data showed 31% of patients achieved smoking abstinence. The stock is up 57% in six months, trading at $6.50. Analysts expect a 2026 NDA resubmission and 2027 approval. ACHV appointed Benjamin Halladay as CFO, with Stifel and Morgan Stanley also initiating coverage with Buy ratings and targets of $18.00 and $13.00, respectively.
