Morgan Stanley initiates Bicara Therapeutics at Overweight
Bullish analyst initiation, tempered by the uncertainty of a biotech price target.
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Bullish analyst initiation, tempered by the uncertainty of a biotech price target.
What happened, with direct paths to the underlying reporting
Morgan Stanley initiated coverage of BCAX at Overweight with a $41 target versus the posted price of $17.47. The target implies substantial upside, but remains an analyst opinion and biotech shares can be volatile.
Target: $41
Posted price: $17.47
Analyst firm: Morgan Stanley
Analyst: Sean Laaman
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