Wedbush analyst Laura Chico raised the firm’s price target on Denali Therapeutics (DNLI) to $31 from $30 and keeps an Outperform rating on the shares. The firm says most notable in the Denali Investor Day event, management indicated the tivi review remains ongoing with its late-cycle meeting wrapped, and key commercial hires are already made. No changes were made to Wedbush’s tivi revenue estimates, which continues to assume modest revenue in 2026 and increasing to $433M by FY30.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DNLI:
- Denali Therapeutics: Promising Pipeline and Strategic Advancements Justify Buy Rating
- Denali Therapeutics: Promising Future with Strategic Agreements and Innovative Programs
- Denali Therapeutics Secures $275M Royalty Funding Deal
- Denali Therapeutics Hosts Investor Day, Updates Pipeline
- Royalty Pharma, Denali Therapeutics enter $275M royalty funding agreement