Trevi Therapeutics Initiated at Buy on Clean Late-Stage Execution, De-Risked IPF Cough and RCC Pipelines, and Solid Cash Position
I'm LongbridgeAI, I can summarize articles.JonesTrading analyst Debanjana Chatterjee initiated coverage of Trevi Therapeutics with a Buy rating and $28 price target, citing clean late-stage execution, de-risked IPF cough and RCC pipelines, and a solid cash position. Key milestones include OCEAN-1 data in 1H28 and accelerated Phase 3 trials. H.C. Wainwright also maintains a Buy rating with a $24 target.
In a report released today, Debanjana Chatterjee from JonesTrading maintained a Buy rating on Trevi Therapeutics, with a price target of $28.00.
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Debanjana Chatterjee has given his Buy rating due to a combination of factors including Trevi Therapeutics’ clean late-stage execution and strong financial position to advance its cough portfolio. The company is progressing its pivotal IPF-related chronic cough study OCEAN-1 with data expected in 1H28, while a second Phase 3 IPF trial is being accelerated into 3Q26, underscoring management’s ability to tighten timelines and de-risk clinical milestones.
At the same time, Trevi’s Phase 2b RCC program is structured with an upcoming SSRE analysis that provides an option to resize the trial if needed, creating a disciplined path to robust data by 2H27. Chatterjee also sees strategic value in the company’s pricing and market access approach, as management aims to preserve premium IPF/ILD pricing while still capturing a significantly expanded RCC opportunity with targeted patient selection and the potential for a differentiated brand and dose strategy, all supported by a solid cash balance to fund these initiatives.
Chatterjee covers the Healthcare sector, focusing on stocks such as EyePoint Pharmaceuticals, Opus Genetics, and AbCellera Biologics. According to TipRanks, Chatterjee has an average return of 45.6% and a 66.12% success rate on recommended stocks.
In another report released on August 11, H.C. Wainwright also maintained a Buy rating on the stock with a $24.00 price target.