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Morgan Stanley has decided to maintain its Equal-Weight rating of Revolution Medicines (NASDAQ:RVMD) and lower its price target from $84.00 to $71.00.
Shares of Revolution Medicines are trading up 2.06% over the last 24 hours, at $32.18 per share.
A move to $71.00 would account for a 120.63% increase from the current share price.
Revolution Medicines Inc is a clinical-stage precision oncology company focused on developing novel targeted therapies to inhibit elusive, frontier targets within notorious growth and survival pathways, with particular emphasis on the RAS and mTOR signaling pathways. The company's products includes RMC-4630, a SHP2 inhibitor, RAS(ON) portfolio, and SOS1 and 4EBP1/mTORC1 programs.
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Posted In: RVMD
