H.C. Wainwright raised the firm’s price target on Neurogene (NGNE) to $70 from $65 and keeps a Buy rating on the shares. The firm believes the new NGN-401 data “highlights an absurdly inverted valuation dynamic” between Taysha Gene Therapies (TSHA) and Neurogene. Taysha still trades at multiples of Neurogene’s valuation “despite the fact that NGN-401 has more advanced, durable, and clinically meaningful data,” the analyst tells investors in a research note. The firm says Taysha’s TSHA-102 still has no longitudinal patient-level detail and no evidence of accumulating multi-skill gains.
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