Stock Track | Nektar Therapeutics Soars 5.58% Intraday on Positive Alopecia Data and Analyst Target Price Hikes

Stock Track

04/21

Nektar Therapeutics' stock soared 5.58% during intraday trading on Tuesday, reflecting strong positive momentum.

The surge appears driven by bullish analyst actions, particularly from Citigroup, which raised its price target on Nektar to $151 from $123 and maintained a Buy rating on the shares. The firm cited positive alopecia data as a key reason for the upgrade.

Adding to the optimistic sentiment, Wedbush also increased its target price for Nektar Therapeutics to $95 from $70, further supporting investor confidence in the company's prospects.

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