Jason Zemansky, an analyst from Bank of America Securities, reiterated the Hold rating on Cytokinetics. The associated price target was raised to $63.00.
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Jason Zemansky has given his Hold rating due to a combination of factors surrounding Cytokinetics’ current market position and future prospects. The recent third-quarter call was largely uneventful, with revenues and earnings missing expectations, and the focus shifting to the upcoming launch of aficamten. While there are plans for patient navigators and outreach campaigns, the effectiveness of these strategies in driving significant market uptake remains uncertain, particularly in light of competitive pressures from Bristol’s Camzyos.
Additionally, the lack of clear insights into the commercialization process adds to the uncertainty. Although the sales and medical teams are expected to be active by early January, the true impact of their efforts may not be evident until 2026 or later. The ACACIA study, a potential catalyst, is not expected to provide immediate clarity on market dynamics. These factors, combined with the nuanced implications of market developments, have led Zemansky to maintain a Neutral stance on Cytokinetics’ stock.
According to TipRanks, Zemansky is a 5-star analyst with an average return of 22.0% and a 60.33% success rate. Zemansky covers the Healthcare sector, focusing on stocks such as Cytokinetics, Kura Oncology, and Insmed.
In another report released on November 1, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $65.00 price target.