Wells Fargo Reiterates Overweight Rating on Nurix (NRIX)
Wells Fargo analyst Derek Archila reiterated an Overweight rating and $32.00 price target on Nurix (NASDAQ: NRIX)
The analyst comments "Thoughts on the stock. Shares are up +146% vs XBI's +10% YTD. While there is decent value priced in for NX-5948's oppty in CLL post EHA, we think the data updates into YE24 will offer incremental upside to this, particularly as more investors assign credit for NX-5948 in NHL and I&I indications. Neither of these are full appreciated at these levels. Looking ahead, clarity on NX-5948's regulatory path in 2025 for CLL will also be a positive for shares."
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Shares of Nurix closed at $25.16 yesterday.