Why 2018 Could Be the Best Year Yet for Cara Therapeutics
Most investors would be excited if one of the stocks they owned achieved a 45% gain in less than a year. But for Cara Therapeutics (NASDAQ: CARA) shareholders, that level of performance is somewhat disappointing. Earlier in 2017, the biotech stock was up 190%. However, Cara Therapeutics lost a huge chunk of its market cap after reporting disappointing results in June from a late-stage study of an oral formulation of experimental pain drug CR845.
Is the future now bleak for Cara? I don't think so. Instead, I suspect that 2018 could be the best year yet for the biotech. Here's why.
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Source: Fool.com
Cara Therapeutics Inc. Stock
€0.69
16.050%
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 4 € there is potential for a 479.29% increase which would mean more than doubling the current price of 0.69 € for Cara Therapeutics Inc..
