Crinetics stock price target raised to $75 from $58 at Stifel on Paltusotine approval
PositiveFinancial Markets

Crinetics Pharmaceuticals has received a significant boost as Stifel has raised its stock price target from $58 to $75 following the approval of its drug, Paltusotine. This positive development not only reflects confidence in the company's future prospects but also highlights the potential impact of Paltusotine in treating conditions related to acromegaly. Investors are likely to view this as a strong endorsement, which could lead to increased interest in Crinetics' stock.
— Curated by the World Pulse Now AI Editorial System