Truist Securities Reiterates Buy Rating on Revolution (RVMD)
Truist Securities analyst Gregory Renza reiterated a Buy rating and $210.00 price target on Revolution (NASDAQ: RVMD).
The analyst commented: "We met with mgmt today to discuss key investor topics. Our takeaways: (1) the U.S. NDA submission is nearing completion, while the EMA phased review could shorten the EU regulatory timeline, with U.S. approval expected ahead of EU approval; (2) the company remains on track to outline the 1L NSCLC strategy and broader CRC roadmap in 2H26 (with decisions typically informed by clinical data); (3) mgmt is encouraged by daraxon + PRMT5i in MTAP-deleted PDAC, with additional efficacy and safety/DDI data needed to select the optimal partner; (4) zoldon's RASolute 305/309 strategy is to preserve optionality and competitive positioning in 1L KRAS G12D PDAC."
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Shares of Revolution closed at $191.13 yesterday.
