Jul. 11 at 2:57 PM
$LQDA A profitable Liquidia isn't just an acquisition target — it's a company that could choose to stay independent. That bargaining power means any bid needs a meaningful premium (40%+) to get a deal done.
Most Likely Outcome
$10–11 billion total deal value (~
$112–
$124/share)
This represents:
• A 10–11x revenue multiple on ~
$1B in profitable revenue
• A 40–60% premium to the current ~
$78 price
• Alignment with the analyst high target of
$109 (which may be conservative now)
• The Merck/Verona precedent adjusted for revenue de-risking and profitability
Bottom Line:
Profitability shifts Liquidia from a "hope and revenue" story to a "proven business with growth" story. At ~
$1B in revenue with earnings,
$10B+ is not just realistic — it's arguably the floor. Anything below ~
$100/share (~
$9B) would likely be rejected by shareholders who can see the standalone value. In a few more years it’s value should go up to
$15+ billion!!!
