Dianthus price target raised to $44 from $42 at Wedbush

Wedbush raised the firm’s price target on Dianthus (DNTH) to $44 from $42 and keeps an Outperform rating on the shares. The firm is incorporating the recent $288M secondary offering into its estimates. Wedbush’s model also incorporates the over-allotment and while it previously modeled a raise in early 2026, this would appear to be larger in magnitude versus its prior assumptions. With the proceeds from the offering, Dianthus management anticipates cash/equivalents now extend runway into 2028. With Phase 2 MaGiC data in hand, the firm looks ahead to the second half of 2026 for additional top-line readouts from the claseprubart CIDP and MMN programs.