Leerink Partners Believes BridgeBio Pharma (NASDAQ: BBIO) Still Has Room to Grow

In a report issued on February 25, Mani Foroohar from Leerink Partners reiterated a Buy rating on BridgeBio Pharma (BBIOResearch Report), with a price target of $67.00. The company’s shares closed last Tuesday at $69.90, close to its 52-week high of $73.50.

According to TipRanks.com, Foroohar is a 2-star analyst with an average return of 3.8% and a 52.3% success rate. Foroohar covers the Healthcare sector, focusing on stocks such as Adverum Biotechnologies, Rocket Pharmaceuticals, and Intellia Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for BridgeBio Pharma with a $77.80 average price target, implying a 12.3% upside from current levels. In a report issued on February 22, J.P. Morgan also initiated coverage with a Buy rating on the stock with a $78.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $73.50 and a one-year low of $14.23. Currently, BridgeBio Pharma has an average volume of 968.6K.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BridgeBio Pharma, Inc. engages in developing transformative medicines to treat patients who suffer from mendelian diseases. Its pipeline of 15 development programs includes product candidates from early discovery to late-stage development. The firm develops BBP-265, an oral small molecule transthyretin for the treatment of TTR amyloidosis, including cardiomyopathy and polyneuropathy manifestations; infigratinib, an oral FGFR1-3 selective tyrosine kinase inhibitor for the treatment of FGFR-driven cancers and in preclinical development for the treatment of achondroplasia; and BBP-631, a preclinical adeno-associated virus, gene transfer product candidate, for the treatment of congenital adrenal hyperplasia caused by 21OHD. The company was founded by Charles Homcy, Frank McCormick, Philip Reilly and Neil Kumar on May 17, 2019 and is headquartered in Palo Alto, CA.