Wall Street Bullish on These Biotech and Gaming Stocks: Analyst Initiated Coverage with Buy Ratings

Wall Street is buzzing with optimism for several companies as top analysts initiate coverage with bullish ratings. These analysts see significant growth potential in these stocks and are recommending investors consider adding them to their portfolios.

Biotech Stars Shine Bright

Guggenheim analyst Seamus Fernandez kicked things off by initiating coverage on

Cidara Therapeutics, Inc. (CDTX)

with a

Buy rating

and a price target of $33. This represents a significant upside potential from the closing price of $13.11 on Thursday. Fernandez is clearly bullish on Cidara’s prospects and believes the company’s innovative therapeutics have the potential to disrupt the market.

RBC Capital analyst Leonid Timashev also initiated coverage on

Cytokinetics, Incorporated (CYTK)

with an

Outperform rating

and a price target of $80. This represents a potential upside of over 40% from its closing price of $55.84 on Thursday. Timashev believes Cytokinetics’ innovative drug development strategy positions the company for strong growth in the coming years.

Stephens & Co. analyst Sudan Loganathan initiated coverage on

Immunome, Inc. (IMNM)

with an

Overweight rating

and a price target of $30. This suggests a significant upside from the closing price of $12.54 on Thursday. Loganathan believes Immunome’s unique approach to developing treatments for autoimmune diseases positions the company for strong growth.

Jefferies analyst Dennis Ding initiated coverage on

Inhibikase Therapeutics, Inc. (IKT)

with a

Buy rating

and a price target of $8. This represents a potential upside of nearly triple from the closing price of $2.78 on Thursday. Ding believes Inhibikase’s innovative approach to developing treatments for Parkinson’s disease positions the company for significant growth.

Flutter Entertainment Soars to New Heights

UBS analyst Ben Shelley initiated coverage on

Flutter Entertainment plc (FLUT)

with a

Buy rating

and a price target of $306. This represents an upside of over 28% from the closing price of $237.98 on Thursday. Shelley is bullish on Flutter’s position as a leading player in the global online gaming market, particularly in the rapidly growing U.S. market.

These analyst ratings highlight the strong potential of these companies and provide investors with valuable insights into their future prospects. While these ratings are just one data point to consider, they provide a valuable perspective on the potential for significant growth in these stocks.