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Kymera Therapeutics price target raised to $125 from $98 at Piper Sandler

Piper Sandler raised the firm’s price target on Kymera Therapeutics (KYMR) to $125 from $98 and keeps an Overweight rating on the shares. The firm notes Kymera reported impressive Phase Ib BroADen data, initiated the Phase IIb BROADEN2 trial of 3 doses of KT-621 in 200 atopic dermatitis patients and will initiate the Phase IIb BREADTH trial in asthma in Q1 2026.

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