Craig-Hallum Reiterates Buy Rating on PEPG
Craig-Hallum maintains a buy rating on PEPG with an $11 price target, a 618.95% upside from the current price.
Key Points
- Craig-Hallum reiterated its buy rating on PEPG with an $11 price target as of June 16, 2026.
- Craig-Hallum's $11 price target implies 618.95% upside from PepGen Inc.'s ($PEPG) current $1.53 share price.
- PEPG shares recently traded at $1.53, with several institutional investors adjusting their positions.
- Insider transactions included both buying and selling by key executives, with recent analyst ratings supporting a buy consensus.
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On June 16, 2026, Craig-Hallum reiterated its buy rating on PEPG, setting a price target of $11. This suggests a strong upside potential from the recent trading price of $1.53.
Other Institutional Activity in PEPG
RA Capital Management, L.P. maintained its position with 20,064,545 shares valued at approximately $35.5 million. Commodore Capital LP increased its holdings by 1,075,000 shares to 4,475,000 shares, worth about $7.92 million. Viking Global Investors LP held steady with 3,482,434 shares valued at $6.16 million. Laurion Capital Management LP added 698,722 shares, bringing its total to 2,750,855 shares, valued at $4.87 million. Millennium Management LLC significantly boosted its position by 1,881,200 shares, ending with 2,079,143 shares worth around $3.68 million.
PepGen Inc. Stock Down 50.3%
PEPG shares recently traded at $1.53. The stock's recent performance shows active interest from both individual and institutional investors, which could be influenced by recent analyst ratings.
$PEPG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at PepGen Inc.
Key insiders have been active in trading PEPG shares. On March 1, 2026, James McArthur, President and CEO, purchased 187,688 shares, and Kasra Kasraian, Chief Technical Officer, bought 135,000 shares. On the selling side, Kasraian sold 1,233 shares on May 21, 2026, at an average price of $1.41.
Analysts Set New Price Targets
On June 16, 2026, Craig-Hallum reiterated its buy rating on PEPG with an $11 price target. Wedbush maintained its buy rating with a $4 target on May 13, 2026. Earlier, Oppenheimer initiated coverage with a buy rating and a $15 target on February 25, 2026. The consensus among analysts remains positive, with a strong buy sentiment and various price targets indicating potential growth.
About PEPG
PEPG is a company focused on advancing its position in its industry. With a range of innovative solutions and a commitment to growth, PEPG continues to attract attention from investors and analysts alike.
Bottom Line
Craig-Hallum's reiterated buy rating and $11 price target reflect confidence in PEPG's potential. While 13F filings show past positions, they highlight institutional interest. Insider trades and analyst ratings provide further insight into market sentiment.
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