Baird downgraded Neurogene (NGNE) to Neutral from Outperform with a price target of $24, down from $38. The shares has moved far higher over the last month as the market has gotten more comfortable that a single-arm registrational trial may be acceptable by the FDA for approval, the analyst tells investors in a research note. However, with the new leaders at FDA, Baird believes the bar for approval is being raised. As such, it continues to see “significant regulatory uncertainty” for NGN-401.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NGNE:
- Neurogene price target lowered to $45 from $50 at H.C. Wainwright
- Neurogene’s Promising Outlook: Strategic Focus on Safety and Efficacy Justifies Buy Rating
- Positive Outlook for Neurogene: Strategic Clinical Advancements and Strong Financial Position Drive Buy Rating
- Neurogene’s Promising Pipeline and Robust Financials Support Buy Rating Amid Regulatory Considerations
- Neurogene Reports Q1 2025 Financial Results and Advances Rett Syndrome Gene Therapy