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Ocular Therapeutix price target raised to $31 from $21 at Piper Sandler

Piper Sandler raised the firm’s price target on Ocular Therapeutix (OCUL) to $31 from $21 and keeps an Overweight rating on the shares. The firm hosted Ocular’s management for an investor dinner after its investor day to discuss the anticipated SOL-1 readout in Q1 2026 and the newly disclosed diabetic retinopathy pivotal trial designs. Given increased confidence in the wet AMD and NPDR Phase 3 programs, Piper raises its peak risk-adjusted sales estimates for AXPAXLI to $3.2B from $1.9B.

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