Sarepta Therapeutics's (SRPT) planned readout of data from its Myotonic Dystrophy Type 1 trial in fiscal Q1 2026 could boost investor sentiment about the company, Oppenheimer analysts said in a Wednesday note.
Analysts said that while Sarepta's Myotonic Dystrophy Type 1 program is two to three years behind its competitors, competitive safety and efficacy results could provide it with meaningful market share gains that are not currently priced into its stock.
Analysts said that the market is skeptical about the viability of the Duchenne muscular dystrophy medication Elevidys after several patient deaths.
Oppenheimer said that Sarepta's phosphorodiamidate morpholino oligomer, or PMO, therapy sales will not be impacted materially before 2028.
Analysts have an outperform rating on the stock and a $37 price target.
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