Alpha Cognition: Buy Rating Reaffirmed as Early Galantos Settlement Enhances Financial Flexibility; $18 Price Target Maintained
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Analyst Ram Selvaraju of H.C. Wainwright has reaffirmed a Buy rating on Alpha Cognition Inc, maintaining a price target of $18. The early settlement with Galantos enhances financial flexibility by eliminating future royalty payments, simplifying cash outflows, and strengthening the company's economic position. Selvaraju believes Alpha Cognition is adequately funded through its projected cash flow break-even point, reducing financing risk. Additionally, the appointment of Bethany Sensenig to the board is expected to enhance strategic execution and governance. Craig-Hallum also initiated coverage with a Buy rating and a $14 price target.
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