Arcutis Biotherapeutics Inc. (ARQT) saw its stock price soar 5.15% during intraday trading on Thursday.
The significant price movement follows the company's release of strong fourth quarter and full year 2025 financial results. Arcutis reported a swing to profitability with Q4 earnings exceeding analyst estimates, while revenue for the quarter showed an 81.5% year-over-year increase driven by robust demand for its ZORYVE product. The company also raised its full-year 2026 net product revenue guidance.
The positive earnings report prompted multiple analyst firms to raise their price targets on the stock, contributing to the bullish sentiment. Morgan Stanley increased its target to $35 from $32, TD Cowen raised its target to $35 from $30, and H.C. Wainwright lifted its target to $34 from $30, with several firms maintaining their Buy ratings.
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