Morgan Stanley analyst Terence Flynn maintains $Biohaven (BHVN.US)$ with a buy rating, and maintains the target price at $69.
According to TipRanks data, the analyst has a success rate of 52.3% and a total average return of 7.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Biohaven (BHVN.US)$'s main analysts recently are as follows:
The firm's reduction in the valuation of Biohaven is influenced by the company's operating expenses surpassing forecasts for Q3, coupled with the effects of the recent capital increase. Nevertheless, Biohaven is anticipated to stay on course for significant developmental milestones expected to be announced before the year concludes.
The expectation is set for Biohaven's Phase III data for T-alfa in SMA to present a favorable risk/reward profile. As the year progresses, anticipation builds for the updated data on the SAD/MAD/subQ IgG degrader for BHV-1300, as well as the planned IND submissions for three more candidates from the MoDE degrader platform.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
