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Stock impact report

H.C. Wainwright Maintains Buy Rating on Allogene Therapeutics (ALLO) [Yahoo! Finance]

Allogene Therapeutics, Inc. (ALLO) 
Last allogene therapeutics, inc. earnings: 2/27 04:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Wainwright lowered its price target on Allogene Therapeutics, Inc. (NASDAQ:ALLO) to $11 from $12 while maintaining a Buy rating following the pricing of its previously announced $175M common stock offering. The firm said the recent share pullback appears “unwarranted” and views it as an attractive entry point. Meanwhile, Jefferies analyst Roger Song raised his price target to $10 from $6 and kept a Buy rating after interim data from the Phase 2 ALPHA3 trial of cemacabtagene ansegedleucel (cema-cel) in first-line consolidation for large B-cell lymphoma exceeded expectations. The firm sees meaningful upside potential based on the early results. On April 12, 2026, Allogene reported data from a planned interim futility analysis of the ALPHA3 trial. At the protocol-defined cutoff—triggered when the 24th patient completed a Day 45 MRD assessment—58.3% of patients treated with cema-cel achieved minimal residual disease (MRD) negativity versus 16.7% in the observation arm, a 41.6 percenta Show less Read more
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