SVB Securities analyst Daina Graybosch raised the firm’s price target on Arcellx (ACLX) to $39 from $35 to reflect the company’s Q4 financials, the Arcellx/Kite (GILD) collaboration, and updated profitability assumptions for CART-ddBCMA as part of Kite. The firm keeps an Outperform rating on the shares.
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