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Wall Street bullish on Cytokinetics (CYTK) following positive trial results

December 28, 2023 7:55 AM EST

Cytokinetics (NASDAQ: CYTK) shares surged more than 82% Wednesday on the back of the positive results from its experimental heart treatment study.

Cytokinetics revealed that in a key Phase 3 study, its drug, Aficamten, "significantly improved exercise capacity compared to placebo." Here's how Wall Street analysts reacted to the news:

Barclays analyst Carter Gould raised the firm's price target for CYTK to $100 per share... More