H.C. Wainwright Lifts CRISPR Therapeutics’ (CRSP) Price Target on CASGEVy Sales Growth

CRISPR Therapeutics AG (NASDAQ:CRSP) in Cathie Wood’s Stock Portfolio is one of the top 10 stocks to buy now. On August 7, analysts at H.C. Wainwright reiterated a ‘Buy’ rating on the stock and raised the price target to $80 from $65. The price target adjustment follows the stock’s strong performance, depicted by 41% year-to-date gain.

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A researcher studying genetic medicines under a microscope in a biopharmaceutical laboratory.

Likewise, the research firm has echoed CRISPR Therapeutics’ second-quarter results, which showed a 114% quarter-over-quarter increase in CASGEVY sales to $30 million. The significant growth came from the treatment being infused in 16 patients, double the eight infusions done in the first quarter.

The number of infusions has been increasing steadily, from four patients in the fourth quarter of 2024 to one patient in the third quarter. Revenues have also increased steadily from $2 million in the third quarter of last year.

CRISPR Therapeutics AG (NASDAQ:CRSP) is a gene-editing company focused on developing transformative, gene-based medicines for serious diseases. It utilizes a proprietary CRISPR/Cas9 platform to precisely edit DNA and target various diseases like hemoglobinopathies, oncology, regenerative medicine, and rare diseases.

While we acknowledge the potential of CRSP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRSP and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.