Canaccord analyst Whitney Ijem raised the firm’s price target on Rhythm Pharmaceuticals (RYTM) to $114 from $105 and keeps a Buy rating on the shares. The firm said following a relatively uneventful 3Q25 report, the company announced that the PDUFA data for aHO has been extended by 3months to March 20, 2026 from December 20, 2025 previously. Canaccord remains confident that the aHO indication will be approved by March 20, 206 given setmelanotide’s strong efficacy and safety profile, and they agree with the company’s sentiment that the extension will only give them time to be even more prepared for launch.
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