Cantor Fitzgerald analyst Josh Schimmer initiated coverage of BridgeBio with an Overweight rating and $50 price target. The analyst sees a path to over $5B in peaks for BridgeBio between acoramidis, encaleret and infigratinib. This could ultimately support a valuation greater than $25B versus the current $4.5B, making BridgeBio one of the best names to own in biotech, the analyst tells investors in a research note.
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