Femasys Inc. (NASDAQ:FEMY) surged 11.87% intraday after Laidlaw initiated coverage with a Buy rating and a $6.50 price target, signaling over 750% potential upside from its $0.76 price. The firm highlighted the FemaSeed device’s 17.5% pregnancy success rate (vs. 7% for traditional IUI), its expansion strategy targeting gynecologists, and 63.53% year-over-year revenue growth. Additional catalysts included FDA approval to continue pivotal trials for FemBloc, regulatory progress in Europe, and a Nasdaq compliance update. The report positioned Femasys as undervalued, aligning with the stock’s sharp intraday rally driven by renewed investor confidence in its AI and contraception product pipeline.
Comments
No comments yet