Revolution Medicines (RVMD) provides pipeline updates
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July 16, 2024 5:52 AM EDT
JPMorgan analyst Eric Joseph raised the price target on Revolution (NASDAQ: RVMD) to $55.00 (from $42.00) while maintaining a Overweight rating.
The analyst comments "Revisiting our model on the heels of updated phase 1 results for RMC-6236 in 2L+ PDAC, were establishing a Dec-25 price target of $55 (vs prior Dec-24 PT of $42). Key changes to our model include accelerated launch timing (2028 vs 2029 prior) based upon guided... More
July 16, 2024 5:47 AM EDT
BofA Securities analyst Alec Stranahan raised the price target on Revolution (NASDAQ: RVMD) to $55.00 (from $48.00) while maintaining a Buy rating.
The analyst comments "RVMD shares were up (+5.5%, NBI: flat) on the back of what we would characterize as a best-case readout for RMC-6236... More
July 15, 2024 4:03 PM EDT
Jefferies analyst Kelly Shi raised the price target on Revolution (NASDAQ: RVMD) to $73.00 (from $63.00) while maintaining a Buy rating.
The analyst comments "With the new PDAC data, we think the odds are tipping even higher now for RVMD's multi-selective RASi to... More
July 15, 2024 1:42 PM EDT
Stifel analyst Ben Burnett raised the price target on Revolution (NASDAQ: RVMD) to $57.00 (from $43.00) while maintaining a Buy rating.
The analyst comments "We are reiterating our Buy rating and increasing our TP to $57/share following RMC-6236 (RAS-multi) monotherapy results in PDAC which... More
