Baird initiates Kardigan stock with Outperform rating, $43 target
Baird initiated coverage on Kardigan Inc (NASDAQ:KARD) with an Outperform rating and a $43 price target, citing its precision-cardiology portfolio. The stock is near its 52-week low of $12.23. Analysts highlight danicamtiv's potential and other pipeline programs. Kardigan has a Strong Buy consensus rating with targets ranging from $25 to $46. The company expects Phase 2 readouts in early 2027.