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Wedbush Forecasts Strong Price Appreciation for AnaptysBio (NASDAQ:ANAB) Stock
Wedbush has increased its price target for AnaptysBio (NASDAQ:ANAB) stock to $75 from $60, maintaining an “outperform” rating, indicating a potential 21% upside. Despite a mixed market reaction to its latest earnings beat, the company’s board authorized a $100 million stock buyback program, while insider sales were noted. AnaptysBio, a clinical-stage biotechnology company, focuses on therapeutic antibody development in immunology and inflammation.