Needham analyst Gil Blum raised the firm’s price target on Sarepta to $160 from $158 and keeps a Buy rating on the shares. The company’s 2023 product revenue guidance topped his expectations, but the key value driver for the stock is its May 29 PDUFA date for its gene therapy, SRP-9001, the analyst tells investors in a research note. Blum adds that he remains bullish on SRP-9001 approval and launch by mid-2023.
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