US Stocks Edge Lower; Applied Materials Earnings Top Views

Written by Emily J. Thompson, Senior Investment Analyst

CING-3.21%

NDRA-12.28%

SHIM-0.58%

Source: Benzinga

Updated: Aug 16 2024

0mins

Source: Benzinga

U.S. Stock Market Performance: U.S. stocks traded lower, with the S&P 500 down 0.2%, while energy shares fell by 0.7%. Applied Materials reported better-than-expected quarterly results but anticipates lower revenue for the next quarter.
Global Market Trends: European shares mostly rose, with the Eurozone recording a trade surplus of EUR 22.3 billion in June. Asian markets also closed higher, led by Japan's Nikkei 225, which jumped 3.64%.

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CING

$5.72+Infinity%1D

Analyst Views on CING

Wall Street analysts forecast CING stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CING is 27.33 USD with a low forecast of 8.00 USD and a high forecast of 58.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Analyst Rating

3 Buy

0 Hold

0 Sell

Strong Buy

Current: 5.910

Low

8.00

Averages

27.33

High

58.00

Current: 5.910

Low

8.00

Averages

27.33

High

58.00

Roth Capital

Boobalan Pachaiyappan

Buy

downgrade

$17 -> $16

2025-11-18

Reason

Roth Capital

Boobalan Pachaiyappan

Price Target

$17 -> $16

AI Analysis

2025-11-18

downgrade

Buy

Reason

Roth Capital analyst Boobalan Pachaiyappan lowered the firm's price target on Cingulate to $16 from $17 and keeps a Buy rating on the shares, with the firm noting it caught up with Cingulate management to discuss Q3 results. At a high level, the company is ratcheting up its CTx-1301 U.S. pre-commercialization efforts through its Indegene partnership, the analyst tells investors in a research note. The firm expects CTx-1301 approval by May 31, 2026.

Roth Capital

NULL

to

Buy

upgrade

$10 -> $17

2025-10-14

Reason

Roth Capital

Price Target

$10 -> $17

2025-10-14

upgrade

NULL

to

Buy

Reason

Roth Capital raised the firm's price target on Cingulate to $17 from $10 and keeps a Buy rating on the shares. The FDA's acceptance of Cingulate's NDA package suggests that the agency is likely comfortable with the safety-efficacy characteristics of CTx-1301 in ADHD patients, the analyst tells investors in a research note. The lack of Ad Comm, a PDUFA date that is at least 2 months ahead of Roth's expectations, a potential broad label to all ADHD patients, and importantly, the stellar approval record of all ADHD stimulants, are all good reasons to buy Cingulate stock, the firm added.

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About CING

Cingulate Inc. is a biopharmaceutical company. The Company is focused on the development, manufacturing, and commercialization of pharmaceutical products that utilize its precision timed release (PTR) drug delivery platform technology to create dosing schedules and drug release profiles. It focuses on the treatment of attention deficit/hyperactivity disorder (ADHD). The Company is in the development of two lead product candidates, such as CTx-1301 (dexmethylphenidate) and CTx-1302 (dextroamphetamine). The Company’s CTx-1301 and CTx-1302 are being developed for the treatment of ADHD in the three core patient segments: children (ages 6-12), adolescents (ages 13-17), and adults (ages18+). In addition, the Company has a third product to treat anxiety, CTx-2103, in a formulation stage. Its CTx-1301, CTx-1302 and CTx-2103 drug candidates contain three releases of active pharmaceutical ingredient combined into one small tablet dosage form.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.