First Berlin Equity Research has published an updated report on Lisata Therapeutics Inc., maintaining its "Buy" rating and a 12-month price target of $15 per share. Analyst Christian Orquera highlighted that Lisata's results for the first nine months of 2025 slightly exceeded expectations, driven by reduced operational expenses and disciplined R&D spending. The report noted progress in Lisata's certepetide platform and strong cash reserves, providing a runway into the first quarter of 2027. First Berlin expects further milestones to support a potential re-rating of the stock.
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