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Nektar Stock Soars Amid Promising Developments and Analyst Upgrades
Nektar Therapeutics’ stock (NASDAQ: NKTR) surged by 16.5% following analyst upgrades and positive clinical results for its atopic dermatitis treatment, Rezpeg. BTIG and H.C. Wainwright significantly raised price targets, and William Blair upgraded Nektar to an Outperform rating due to Rezpeg’s efficacy and safety. The company is also pursuing a $300M public offering to fund R&D, aiming to capitalize on Rezpeg’s potential despite current profitability challenges.