BridgeBio Pharma Inc
BBIO: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| JC | LOCK|L%! | LOCK|?JrYl<% |
BridgeBio Earnings: Positive Outlook With Strong Launch of Attruby; Raising Fair Value Estimate
No-moat BridgeBio Pharma reported strong first-quarter results, driven by better-than-expected commercial success of its key asset Attruby, which generated $36.7 million in sales in the period. The results were well received by investors, with shares rising about 8% in after-hours trading. To reflect faster market penetration and a steeper near-term launch trajectory, we are increasing our fair value estimate to $41 per share from $36. At the current market price, we view the shares as fairly valued.
