In a report released on May 9, David Risinger from Leerink Partners maintained a Buy rating on Tectonic Therapeutic (TECX – Research Report), with a price target of $69.00.
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David Risinger has given his Buy rating due to a combination of factors including Tectonic Therapeutic’s promising financial results and strategic pipeline developments. The company reported lower-than-expected R&D expenses and net loss for the first quarter of 2025, indicating efficient financial management. Additionally, the positive interim results from the Phase 1b Part A study of TX45 have been viewed favorably by key opinion leaders, suggesting potential for successful future outcomes.
Furthermore, Tectonic Therapeutic’s ongoing trials, such as the Phase 1b Part B and the Phase 2 APEX trial, are on track, with significant data expected in the coming years. The company’s strong cash position, with an expected runway into the fourth quarter of 2028, provides a solid financial foundation for continued research and development. These factors, combined with the competitive landscape and upcoming data releases from other companies, support the Buy rating as Tectonic Therapeutic is well-positioned for growth.
In another report released on May 9, Piper Sandler also maintained a Buy rating on the stock with a $76.00 price target.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock.