The success of one of Kymera Therapeutics' experimental treatments could mean more upside ahead for the stock, Wells Fargo found.
Analyst Derek Archila upgraded shares to overweight from equal weight and upped his price target by $19 to $57, which implies more than 21% upside from Friday's close.
KYMR YTD mountain KYMR, year-to-date The analyst pointed to Kymera's oral treatment for multiple immuno-inflammatory diseases.
He anticipates the data will likely demonstrate a "clean" safety profile, and his bull case scenario forecasts shares could trade higher by 75%.
Kymera also has a consensus price target of $57.88, which reflects more than 20% upside from current levels.
Persons:
Wells, Derek Archila, Archila, Kymera
Organizations:
Therapeutics, KT
Locations:
Wells Fargo