B.Riley reiterates Cue Biopharma stock rating on allergy data
B.Riley reiterated a Buy rating and $83.00 price target on Cue Biopharma (NASDAQ:CUE) after an event on IgE-mediated diseases. The stock is down 21% this week but up 326% in six months. Analysts highlighted positive data on CUE-221 and its potential compared to omalizumab. The firm sees upcoming data disclosures as key catalysts. Cue Biopharma recently raised $50M and appointed a new Chief Medical Officer. Analysts view the stock as undervalued with targets up to $115.

