A number of research firms have changed their ratings and price targets for Connect Biopharma (NASDAQ: CNTB):
- 5/26/2026 – Connect Biopharma is now covered by Canaccord Genuity Group Inc.. They set a “buy” rating and a $6.00 price target on the stock.
- 5/21/2026 – Connect Biopharma is now covered by Cantor Fitzgerald. They set an “overweight” rating and a $4.00 price target on the stock.
- 5/21/2026 – Connect Biopharma is now covered by Cantor Fitzgerald. They set an “overweight” rating and a $4.00 price target on the stock.
- 5/16/2026 – Connect Biopharma was downgraded by Wall Street Zen from “hold” to “sell”.
- 5/4/2026 – Connect Biopharma had its “sell (d)” rating reaffirmed by Weiss Ratings.
- 3/31/2026 – Connect Biopharma had its “buy” rating reaffirmed by BTIG Research. They now have a $10.00 price target on the stock.
Insider Activity
In related news, Director James Huang acquired 1,160,000 shares of Connect Biopharma stock in a transaction dated Tuesday, March 31st. The shares were purchased at an average price of $3.45 per share, for a total transaction of $4,002,000.00. Following the completion of the transaction, the director directly owned 13,160,000 shares in the company, valued at approximately $45,402,000. This represents a 9.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.60% of the stock is currently owned by insiders.
The company’s lead product candidate, CBP-201, is a fully human monoclonal antibody that antagonizes the interleukin-31 receptor, a key mediator of chronic pruritus in conditions such as atopic dermatitis and prurigo nodularis.
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