tiprankstipranks
Viking Therapeutics price target raised to $102 from $90 at H.C. Wainwright
The Fly

Viking Therapeutics price target raised to $102 from $90 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Viking Therapeutics (VKTX) to $102 from $90 and keeps a Buy rating on the shares. The VK2735 ongoing trials highlight “significant and sustained weight loss,” the analyst tells investors in a research note. The firm says weekly subcutaneous injections of VK2735 over 13 weeks resulted in weight loss of up to 14.7% from baseline, with no plateau observed. It believes Viking “continues to excel with VK2735, both in its subcutaneous and oral formulations, further solidifying its potential as a best-in-class drug.” The recent oral data suggest that VK2735 positions Viking as a top contender in the oral space, particularly with the impressive weight loss results observed, contends H.C. Wainwright.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App