Wells Fargo Raises Kyverna Therapeutics (KYTX) PT to $27 on Confidence in KYV-101 Stiff Person Syndrome Trial Readout

Kyverna Therapeutics Inc. (NASDAQ:KYTX) is one of the best young stocks with huge upside potential. On October 8, Wells Fargo analyst Derek Archila raised the firm’s price target on Kyverna Therapeutics to $27 from $24, while maintaining an Overweight rating on the shares. Wells Fargo likes the risk/reward on KYV-101’s pivotal stiff person syndrome trial readout in H1 2026.

The firm believes that Wall Street underappreciates how de-risked the trial is. On September 24, Kyverna Therapeutics announced that updated data from Phase 1 investigator-initiated trials/IITs of its lead candidate, KYV-101, in progressive multiple sclerosis/MS would be presented at the 2025 European Committee for Treatment and Research in Multiple Sclerosis/ECTRIMS Congress in Barcelona, Spain.

Wells Fargo Raises Kyverna Therapeutics (KYTX) PT to $27 on Confidence in KYV-101 Stiff Person Syndrome Trial Readout

Across both IITs, KYV-101 demonstrated a tolerable safety profile, consistent with observations from the first 100 patients treated with the therapy across all indications. Notably, there were no high-grade Cytokine Release Syndrome/CRS or Immune Effector Cell Associated Neurotoxicity Syndrome/ICANS events reported, and no serious adverse events/SAEs in the Stanford study.

KYV-101 is a fully human, autologous, CD19 CAR T-cell therapy with CD28 co-stimulation, currently being investigated for its potential to deliver deep B-cell depletion and immune system reset in various B-cell-driven autoimmune diseases

Kyverna Therapeutics Inc. (NASDAQ:KYTX) is a clinical-stage biopharmaceutical company that develops cell therapies for patients with autoimmune diseases.

While we acknowledge the potential of KYTX to grow, 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 KYTX and that has 100x upside potential, check out our report about this cheapest AI stock.

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