BofA raises Amylyx Pharmaceuticals stock price target on model updates By Investing.com
BofA Securities has increased its price target for Amylyx Pharmaceuticals (NASDAQ:AMLX) from $19 to $22, maintaining a Buy rating. This adjustment reflects updated model assumptions, including a lower discount rate and revised terminal growth for avexitide, as well as anticipated first-quarter operating expenses. The firm also cites potential upside from a key clinical catalyst for avexitide and strong peak sales forecasts, with other analysts like Mizuho and H.C. Wainwright also raising their price targets for Amylyx.
https://ng.investing.com/news/stock-market-news/bofa-raises-amylyx-pharmaceuticals-stock-price-target-on-model-updates-93CH-2466424