Mirati Therapeutics (MRTX)

Jun 23, 2022Trade Ideas

Keep an eye on Mirati Therapeutics (MRTX).

If the stock can break above double top resistance dating back to late May 2022, it could have the potential to test $80, near-term.

For weeks, the MRTX stock has been moving higher after the company presented “promising results from the KRYSTAL-1 trial of intracranial (IC) responses to its KRAS inhibitor adagrasib in patients with KRASG12C-mutated non-small cell lung cancer (NSCLC) with active and untreated central nervous system (CNS) metastases,” says Biospace.com.

Also, earlier this month, Stifel analysts raised their price target on MRTX to $111 from $105 – with a buy rating. JMP Securities also upgraded the stock to outperform, with a $72 price target. “The initial intracranial combination data supports a path into the front-line setting for KRAS-inhibitor adagrasib,” said the firm, as noted by TheFly.com.


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