Wall Street Rallies Behind Lexeo Therapeutics (LXEO)’s Gene Therapy Pipeline

Lexeo Therapeutics, Inc. (NASDAQ:LXEO) is among the Best Get Rich Fast Stocks to Buy Right Now. As of December 24, Lexeo Therapeutics, Inc. (NASDAQ:LXEO) is a consensus buy from all eleven analysts covering the stock. While the target price ranges from $12 to $30, the median price target of $19 translates to an upside potential of 79.92%.

On December 18, Raymond James initiated coverage on Lexeo Therapeutics, Inc. (NASDAQ:LXEO) with a ‘Strong Buy’ rating and a price target of $25, citing solid results from two Phase 1/2 clinical trials and encouraging feedback from the FDA. With that said, the company’s lead candidate, LX2006, an AAV gene therapy for cardiomyopathy associated with Friedreich’s Ataxia, is “well-positioned for success” in its pivotal trial, the analyst asserted.

Photo by National Cancer Institute on Unsplash

Raymond James expects the stock to gain momentum in 2026 following a finalized pivotal protocol with the FDA and initial proof of concept data on LX2020, an unmodeled gene therapy asset. The firm anticipates LX2006 revenue of $14.1 million in FY27, going as high as $805.3 million in FY32.

Earlier on December 10, Cantor Fitzgerald reaffirmed an ‘Overweight’ rating on Lexeo Therapeutics, Inc. (NASDAQ:LXEO), with a price target of $19. The reaffirmation, implying an upside potential of around 80%, is driven by the prospects of the company’s PKP2-ACM program. The analyst highlighted that the market remains focused on Lexeo’s Friedreich’s ataxia program and the PKP2-ACM program appears “under the radar,” particularly as the upcoming data expected in the next month could shift market perception.

Lexeo Therapeutics, Inc. (NASDAQ:LXEO) is a New York-based clinical-stage genetic medicine company. Founded in 2017, the company has a pipeline of programs, including LX2006, LX2020, and LX2021.

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