Sarepta Therapeutics Inc

NASDAQ:SRPTUnited States

Ratings actions from Benzinga: https://www.benzinga.com/quote/SRPT/analyst-ratings

(END) Dow Jones Newswires

November 25, 2024 07:48 ET (12:48 GMT)

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1417 ET - JPMorgan analysts think Sarepta Therapeutics' Duchenne gene therapy is the cure to the stock's low valuation. They say in a research note that investors were disappointed in Sarepta's implied guidance for its Duchenne muscular dystrophy treatment, called Elevidys. But that selloff is a fresh opportunity: They say the stock's valuation is still underappreciating the potential future sales of the treatment. They say that investors are not pricing in the full potential for Elevidys's label expansion, presenting a buying opportunity. The FDA expanded Elevidys's approval to individuals 4 years old and up in June. Shares fall 2.8%. (ben.glickman@wsj.com; @benglickman)