B of A Securities Maintains Buy Rating for Vertex Pharmaceuticals: Here's What You Need To Know

B of A Securities has decided to maintain its Buy rating of Vertex Pharmaceuticals VRTX and raise its price target from $350.00 to $400.00.

Shares of Vertex Pharmaceuticals are trading up 0.34% over the last 24 hours, at $363.04 per share.

A move to $400.00 would account for a 10.18% increase from the current share price.

About Vertex Pharmaceuticals

Vertex Pharmaceuticals is a global biotechnology company that discovers and develops small-molecule drugs for the treatment of serious diseases. Its key drugs are Kalydeco, Orkambi, Symdeko, and Trikafta/Kaftrio for cystic fibrosis, where Vertex therapies remain the standard of care globally. In addition to its focus on cystic fibrosis, Vertex is diversifying its pipeline through gene-editing therapies such as CTX001 for beta-thalassemia and sickle-cell disease, small-molecule inhibitors targeting acute and chronic pain using non-opioid treatments, and small-molecule inhibitors of APOL1-mediated kidney diseases. Vertex is also investigating cell therapies to deliver a potential functional cure for type 1 diabetes.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.