JPMorgan analyst Anupam Rama raised the firm’s price target on Cogent Biosciences (COGT) to $44 from $30 and keeps an Overweight rating on the shares. The firm also placed Cogent on “Positive Catalyst Watch” ahead of updates for the company’s lead asset bezuclastinib in the advanced systemic mastocytosis and gastrointestinal stromal tumor studies anticipated by the end of 2025. JPMorgan sees the shares as undervalued into the mid-to-high $20s on the systemic mastocytosis franchise alone.
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