BTIG raised the firm’s price target on Viking Therapeutics (VKTX) to $31 from $20 and keeps a Buy rating on the shares. The firm is impressed by the attractive early clinical profile of VK2735 with significant weight loss after just 28-days of treatment with good tolerability, and views the positive data release as a de-risking event for the asset, with an initial clinical profile that is strongly competitive to Eli Lilly’s (LLY) Mounjaro and appears more efficacious than Novo’s (NVO) semaglutide, the analyst tells investors in a research note.
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Published first on TheFly
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Read More on VKTX:
- Viking Therapeutics price target raised to $30 from $20 at Oppenheimer
- Stifel reiterates Buy on Viking Therapeutics, raises price target to $25
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