BridgeBio Pharma Inc
BBIO: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ##t | LOCK|d?^ | LOCK|@jdzpB |
BridgeBio Earnings: Acoramidis Awaits FDA Approval Outcome; Shares Undervalued
No-moat BridgeBio reported soft third-quarter results that generally aligned with our expectations for an early-stage biotech firm. After reviewing our model, we are slightly decreasing our fair value estimate by 4% to $35.20 per share from $36.70 due to a slow ramp-up of sales for acoramidis in the near term. However, shares appear undervalued at the current market price.
