Cytokinetics stock maintains Buy rating at B.Riley amid strong CMI market
B.Riley has maintained a Buy rating and a $108.00 price target for Cytokinetics (NASDAQ:CYTK) following the launch of its drug, Myqorzo, which is expected to compete effectively in the cardiac myosin inhibitor (CMI) market. Myqorzo offers streamlined administration compared to Bristol Myers Squibb's CAMZYOS, potentially allowing it to quickly capture market share, including a significant pool of switched patients and new diagnoses. Other analysts have also reacted positively to Myqorzo's FDA approval and market potential, setting price targets that reflect optimism for the company's future.
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