Arcellx (ACLX) Shares Encouraging Data on Latest Laboratory Study

Arcellx Incorporated (NASDAQ:ACLX) is one of 17 biotechnology stocks with more than 50% upside.

On February 12, Qize Ding from Rothschild & Co Redburn downgraded the rating on Arcellx Incorporated (NASDAQ:ACLX) from Buy to Neutral. In the process, he also reduced the price target from $113 to $82, which still yields a revised upside potential of almost 20%. Ding’s views are based on his conservative stance on the company’s CAR-T cell therapy class amid rising competition across larger markets in other modalities.

On February 9, Stifel analyst Stephen Willey reaffirmed his Buy rating on Arcellx Incorporated (NASDAQ:ACLX), with a $127 price target. His forecast leads to an upside potential of 85% from the current level.

Willey’s rating came after the company presented new laboratory study data at the TANDEM meeting. He highlighted that the findings support anito-cel’s potentially leading safety profile, showing lower unintended immune activity and fewer off-target effects than rival CAR-T treatments. The analyst also pointed to differences versus cilta-cel (Carvykti) and ide-cel (Abecma), suggesting its off-target interactions could be linked to severe delayed side effects seen in clinical use. Moreover, Willey believes the data strengthens anito-cel’s positioning as a potentially best-in-class therapy and continues to view the stock as a “core SMid-cap holding.”

Arcellx Incorporated (NASDAQ:ACLX) develops advanced immunotherapies for cancer patients and individuals with other incurable conditions. The company leverages its proprietary D-Domain technology to develop more effective treatments that target AML, multiple myeloma, and other malignancies. The current pipeline includes the development of ACLX-001 and ACLX-002, which target BCMA in rrMM and CD123 in AML/MDS.

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