Analysts Shift to Hold as Cidara’s (CDTX) Recent Acquisition Deal Caps Upside

Cidara Therapeutics Inc. (NASDAQ:CDTX) is the top stock in our list of the hottest SMID-cap stocks so far in 2025 with a 717% share price surge year-to-date. Following the acquisition announcement by Merck & Co. Inc. (NYSE:MRK), Guggenheim analyst Seamus Fernandez downgraded his rating on Cidara Therapeutics from Buy to Neutral on November 17, according to TheFly. Before the deal, Fernandez had assigned a price target of $167, but after the downgrade, he raised it to the offer price of $221.5. Billion Ph ...