Intellia Therapeutics Inc

NTLA: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$14.00YsfchVcpmcpxd

Intellia Reports Solid Q2 Results In Line With Expectations, Maintaining $85 FVE, Shares Undervalued

Intellia Therapeutics reported solid second-quarter results in line with our expectations, and the company is continuing to make progress bringing its gene-editing medicines to market. We maintain our fair value estimate of $85 per share and view the stock as undervalued, currently trading in 4-star territory. Our no-moat rating and positive moat trend remain unchanged. Collaboration revenue totaled $14 million for the quarter, which represents 25% growth from the first quarter. The increase was primarily driven by Intellia’s collaborations with AvenCell and Kyverna.

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