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Kyverna Therapeutics Upgraded to Buy by HC Wainwright Amid Upcoming Data Sets
ByAinvest
Thursday, May 29, 2025 6:47 am ET1min read
HC Wainwright upgraded Kyverna Therapeutics (KYTX) to Buy from Neutral, citing three upcoming data sets through mid-2025. The company expects a cash runway into 2027, with $242.6 million in cash, cash equivalents, and available-for-sale marketable securities. Analyst Mitchell S. Kapoor believes the risk-reward profile is attractive, particularly given the deeply negative enterprise value. Kapoor raised the price target from $4 to $5.
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