Nkarta’s Strategic Management and Financial Strength Justify Buy Rating and $10 Target Price
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Needham analyst Gil Blum has maintained a Buy rating on Nkarta with a target price of $10. This rating is based on Nkarta's strategic management and strong financial position, including cash reserves of $316.5 million. The company has delayed the results of its Ntrust-1/2 trials to 2026 for more comprehensive data, while recent FDA interactions have streamlined the trial process. These factors contribute to the positive outlook for Nkarta, as Blum focuses on the Healthcare sector with a notable success rate.
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