Cantor Fitzgerald Maintains Overweight Rating for Cabaletta Bio: Here's What You Need To Know

Cantor Fitzgerald has decided to maintain its Overweight rating of Cabaletta Bio CABA and raise its price target from $40.00 to $50.00.

Shares of Cabaletta Bio are trading up 1.66% over the last 24 hours, at $17.76 per share.

A move to $50.00 would account for a 181.53% increase from the current share price.

About Cabaletta Bio

Cabaletta Bio Inc is a clinical-stage biotechnology company focused on the discovery and development of engineered T cell therapies, and exploring their potential to provide a deep and durable, perhaps curative, treatment, for patients with B cell-mediated autoimmune diseases. Its proprietary technology utilizes Chimeric AutoAntibody Receptor, or CAART cells that are designed to selectively bind and eliminate only specific B cells that produce disease-causing autoantibodies, or pathogenic B cells, while sparing normal B cells. Its CABA platform encompasses two strategies CARTA (chimeric antigen receptor T cells for autoimmunity) and CAART (chimeric autoantibody T cells) has the potential to be applied across a broad range of autoimmune diseases.

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