Wall Street Analysts Just Trimmed Price Targets for These 10 Stocks

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01. Shattuck Labs, Inc. (NASDAQ:STTK)

Price Reaction after the Price Target Cut: -1.2100(-19.55%)

On June 17, Citigroup analyst Yigal Nochomovitz adjusted his outlook on Shattuck Labs, Inc. (NASDAQ:STTK), a biotechnology firm specializing in cancer therapies. He maintained a “Buy” rating but lowered the price target from $10 to $9. This revision follows the company’s latest clinical trial results, which showed promising complete response rates of 29% in the TP53m-AML cohort and 42% in the HR-MDS cohort. These rates compare favorably to benchmark data, suggesting significant potential for the treatment. Nochomovitz highlighted that these response rates could improve further as patients continue their treatment. Despite the encouraging results, there were concerns about two reported cardiac events, which need to be monitored closely. Shattuck Labs, Inc. (NASDAQ:STTK) is also preparing to launch two Phase 1b trials, with outcomes anticipated in the second half of 2025. These trials are expected to provide additional insights into the therapy’s efficacy and safety. The market reacted negatively to the price target cut, with Shattuck Labs, Inc. (NASDAQ:STTK) stock dropping by 19.55%.

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