Piper Sandler initiated coverage of Edgewise Therapeutics with an Overweight rating and $48 price target. The analyst believes EDG-7500 has broad potential in hypertrophic cardiomyopathy. Despite recent share gains, Edgewise continues to have upside potential as it develops its lead asset, EDG-5506 for Duchenne muscular dystrophy and Becker muscular dystrophy with substantial expansion potential, the analyst tells investors in a research note. Piper sees a “compelling opportunity,” noting the company has eight key catalysts coming up in 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on EWTX:
- Edgewise Therapeutics, Inc. Is Worried About This – Should You Be Worried Too?
- Edgewise Therapeutics reports Q4 EPS (47c), consensus (43c)
- FDA grants Edgewise fast track designation for EDG-5506 to treat Duchenne
- Edgewise Therapeutics management to meet with Piper Sandler
- Fly Insider: Edgewise, Arch Resources among week’s notable insider trades