Shattuck Labs Jumps as Two Analysts Start Bullish Coverage
Shattuck Labs (STTK) rose 4.91% after two analysts initiated coverage with positive ratings. TD Cowen rated it buy, while Raymond James gave a strong buy and $18 price target. Both highlighted SL-325, a drug candidate for inflammatory bowel disease, citing its novel mechanism. The company reported $208.3M in cash and expects funding into 2029. Phase 2b trial for SL-325 is set to start in Q3.
How this was made

The 30-second read
Why it matters
Analyst initiation adds credibility and may attract institutional interest, supporting the recent price rally.
Market read
New analyst coverage and price target provide fresh catalyst for STTK, justifying short-term trading interest.
What to watch
Potential dilution from future financing needs and competition in IBD therapeutics.
Background
Shattuck Labs reported cash of $208.3M and ongoing Phase 1 data for SL-325, a DR3-blocking antibody for IBD.
Ticker impact
Two analysts initiated coverage of Shattuck Labs with buy ratings and a $18 price target, driving a 4.91% price jump.
Potential further upside if coverage prompts additional buying.
Coverage is fresh, includes a price target double the recent close, and coincides with a notable intraday move.
Market effects
Positive signal for clinical-stage biotech sector as analyst coverage may lift peers.
Limited to US biotech investors.
Minimal global impact beyond niche biotech community.
Counterpoint
Coverage may be premature; trial data still early and market could price in risk.
Key entities
- CompanyShattuck Labs
Clinical-stage biotech developing SL-325.
- Analyst FirmTD Cowen
Initiated coverage with a buy rating.
- Analyst FirmRaymond James
Issued a strong buy and $18 price target.
