Analyst Whitney Ijem from Canaccord Genuity maintained a Buy rating on Tenaya Therapeutics and keeping the price target at $6.00.
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Whitney Ijem has given his Buy rating due to a combination of factors surrounding Tenaya Therapeutics’ promising developments in their gene therapy programs. The company is preparing for significant data updates in the fourth quarter of 2025, which include results from their TN-201 program for MYBPC3-associated hypertrophic cardiomyopathy and their TN-401 program for PKP2-associated arrhythmogenic right ventricular cardiomyopathy. These updates are anticipated to provide valuable insights into the safety and efficacy of their treatments, with a focus on protein expression changes that could lead to meaningful clinical benefits.
Additionally, Tenaya Therapeutics has been proactive in addressing the challenges of measuring protein levels, collaborating with experts to develop advanced quantification assays. This strategic approach enhances the credibility of their data and supports the potential for positive outcomes. Despite the early stage of data from TN-201, the initial results have been encouraging, and the upcoming data releases are expected to further clarify the treatment effects and long-term clinical trajectories. The risk/reward profile appears favorable, although there is an acknowledgment of potential financial constraints impacting the company.
Ijem covers the Healthcare sector, focusing on stocks such as Rocket Pharmaceuticals, Vertex Pharmaceuticals, and Arcturus Therapeutics. According to TipRanks, Ijem has an average return of 23.2% and a 53.56% success rate on recommended stocks.
In another report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $5.00 price target.