Truist Raises Its Price Target on BridgeBio Pharma, Inc. (BBIO) to $95 and Maintains a Buy Rating

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Truist has raised its price target for BridgeBio Pharma, Inc. (BBIO) to $95 from $86, maintaining a Buy rating after the company pre-announced strong Q4 Attruby sales. Morgan Stanley also increased its price target to $98. BridgeBio Pharma reported Q4 revenue of $154.18M, exceeding consensus estimates, and highlighted three successful Phase 3 readouts, demonstrating the rigor of its science in developing medicines for genetic diseases.

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