Roth Capital lowered the firm’s price target on Entrada Therapeutics (TRDA) to $13 from $17 and keeps a Buy rating on the shares. Management guided that preliminary proof-of-concept efficacy results from the ongoing global Phase 1/2 study of ENTR-601-44 and ENTR-601-45 are expected in 2Q26 and mid-2026, respectively, the analyst tells investors in a research note. While the firm remains enthusiastic about the company’s pipeline programs, it lowered its price target on the shares to reflect the broader market sentiment and advances made by competing agents.
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