SVB Leerink has decided to maintain its Outperform rating of Intellia Therapeutics NTLA and raise its price target from $152.00 to $158.00.
Shares of Intellia Therapeutics are trading down 5.55% over the last 24 hours, at $62.06 per share.
A move to $158.00 would account for a 154.57% increase from the current share price.
About Intellia Therapeutics
Intellia Therapeutics is a gene editing company focused on the development of CRISPR/Cas9-based therapeutics. CRISPR/Cas9 stands for Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/CRISPR-associated protein 9 (Cas9), which is a revolutionary technology for precisely altering specific sequences of genomic DNA. Intellia is focused on using this technology to treat genetically defined diseases. It's evaluating multiple gene editing approaches using in vivo and ex vivo therapies to address diseases with high unmet medical needs, including ATTR amyloidosis, hereditary angioedema, sickle cell disease, and immuno-oncology. Intellia has formed collaborations with several companies to advance its pipeline, including narrow-moat Regeneron and wide-moat Novartis.
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