H.C. Wainwright reiterates Sol Gel stock rating ahead of trial data
H.C. Wainwright reiterated a Buy rating and $110 price target for Sol-Gel Technologies (SLGL), citing the upcoming Phase 3 trial data for SGT-610, its lead drug candidate. The stock has risen 84% in the past year to $78.95, with a market cap of $258 million. The trial aims to prevent new basal cell carcinoma lesions in Gorlin syndrome patients, with potential FDA submission in 2027 and approval in late 2027. InvestingPro analysis suggests the stock may be overvalued.