Replies to post #350501 on Anavex Life Sciences Corp (AVXL)

[Investor2014]

Yes, analyst targets are always pegged to discounted future prospective revenue estimates. I think what I posted the other day below makes sense.

[Gernee20]

The Excellence trial timing didnt change, so how do you figure that it is the timing which impacted the lower target?

[RedShoulder]

Two cut price targets must have more to do with Rett EXCELLENCE trial timing than anything else, given the AVATAR results.

boi I agree. The need for the covid vaccinations before starting the Excellence trail has had a delayed effect (who saw that coming), in spite of the excellent Avatar results.

[growingpain]

Probably, it has to do with the biotech multiples shrinking over the past couple of months.