Regenxbio Inc. (RGNX) PT Raised to $65 at Raymond James

February 11, 2021 4:00 PM EST
Get Alerts RGNX Hot Sheet
Price: $35.17 -0.03%

Rating Summary:
    8 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Raymond James analyst Dane Leone raised the price target on Regenxbio Inc. (NASDAQ: RGNX) to $65.00 (from $60.00) while maintaining a Strong Buy rating.

The analyst commented, "On Thursday during the WORLDsymposium, RGNX presented clinical results from the RGX-121 study of patients with severe Hunter Syndrome. The data had been released earlier in the week (Link to Note), but the presentation at the conference included context and Q&A with the clinical community. Furthermore, over the course of the week we have gotten a sense of the competitive landscape for new therapies targeting Hunter Syndrome, and have gained conviction that RGX-121 may be a next generation front-line therapy. We have now incorporated RGX-121 for Hunter Syndrome into our financial forecasts and model ~$326 in sales during 2030, which supports increasing our price target to $65 (versus $60 prior) and reiterating our Strong Buy rating on RGNX."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Raymond James