
Oric Pharmaceuticals (ORIC) Stock Forecast & Price Target
Oric Pharmaceuticals (ORIC) Analyst Ratings
Bulls say
ORIC Pharmaceuticals is currently an undervalued stock, with a strong balance sheet and promising pipeline of product candidates targeting important resistance mechanisms in cancer. The recent pullback in stock price due to a competitor's negative clinical trial results offers an attractive entry point for investors, as the mechanism of action for ORIC's rinzimetostat is different from that of the competitor's Tazverik and no specific safety signals have been reported for ORIC's candidate. With a likelihood of approval at 35% for ORIC-114 in NSCLC and 40% for ORIC-944 in mCRPC, the current price objective for ORIC is $25 per share.
Bears say
ORIC Pharmaceuticals is facing multiple challenges with its pipeline therapies and recent news about heightened risk of secondary malignancies in Tazverik may hinder its progression. These challenges, along with potential delays in pivotal trials and commercialization, create uncertainty and downside risk for the stock. Therefore, a negative outlook is warranted. Additional risks include slower market uptake and slower than expected sales growth, leading to lower projected peak sales and potential equity dilution.
This aggregate rating is based on analysts' research of Oric Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.
Oric Pharmaceuticals (ORIC) Analyst Forecast & Price Prediction
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