BofA Securities analyst Alec Stranahan maintains $Intellia Therapeutics (NTLA.US)$ with a buy rating, and adjusts the target price from $65 to $50.
According to TipRanks data, the analyst has a success rate of 42.3% and a total average return of -7.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Intellia Therapeutics (NTLA.US)$'s main analysts recently are as follows:
Despite ongoing uncertainties related to politics and rates, the overall condition of the Biopharma sector is seen as significantly enhanced compared to its 2022 lows. Furthermore, there's a favorable view towards stocks involved in late-stage clinical trials or those in the early launch phase. Yet, there's growing interest among investors towards Phase 1 clinical programs that present derisking data and near-term catalysts.
The fourth quarter is expected to be generally solid for large and mid-cap commercial stage companies in the Biotech sector, supported by seasonal tailwinds. However, the expectations for 2025 might be overly optimistic, with several product launches already factored into valuations and the sustainability of key franchises posing potential challenges.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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