Mizuho raised the firm’s price target on Cytokinetics (CYTK) to $103 from $99 and keeps an Outperform rating on the shares. The analyst updated models in the biotechnology group following the Q3 reports. Cytokinetics shares are “feeling washed out here,” the analyst tells investors in a research note. The firm sees a potential launch of aficamten in obstructive hypertrophic cardiomyopathy in 2025 and models for $3.5B in peak worldwide unadjusted sales.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CYTK:
- Bayer Secures Deal for Cytokinetics’ Heart Drug in Japan
- Cytokinetics partnership demonstrates value of aficamten, says JMP Securities
- Cytokinetics, Bayer enter collaboration and license pact for aficamten in Japan
- Cytokinetics announces initiation of Phase 1 study of CK-089
- Molson Coors upgraded, Rivian downgraded: Wall Street’s top analyst calls