Feb. 25 at 12:04 PM
Citizens⬆️the PT on Top Pick
$CYTK to
$96 and reiterated at Market Outperform.
$EWTX $BMY
Here's what Citizens said in its note to investors:
Cytokinetics remains our top pick ahead of ACACIA-HCM results next quarter; we reiterate our Market Outperform rating and increase our risk-adjusted, DCF-derived price target to
$96 from
$88.
Yesterday afternoon, Cytokinetics reported 4Q25 financial results and business updates, providing insights into the initial weeks of the MYQORZO launch in obstructive hypertrophic cardiomyopathy (oHCM).
HCPs are becoming certified for the REMS program (both current CMI and new-to-class prescribers), and prescriptions are being written and dispensed.
As expected, many of the questions on the call focused on the upcoming Phase 3 non-obstructive HCM readout, and we continue to view the stock as a top pick ahead of these results.