Revolution Medicines: It's Full Steam Ahead, But I Wouldn't Buy At These Levels [Seeking Alpha]
Revolution Medicines, Inc. (RVMD)
Company Research
Source: Seeking Alpha
Summary Revolution Medicines' promising KRAS inhibitors show potential in treating difficult cancers, but the $7 billion valuation is high for a pre-commercial entity. RMC-6236 targets multiple KRAS mutations, showing favorable progression-free survival in pancreatic cancer trials, with a phase 3 trial planned for late 2024. Despite a strong cash position, RVMD's high burn rate and reliance on a single novel drug pose significant financial risks. While RVMD's clinical program is impressive, the stock's volatility and long timeline to approval suggest waiting for a more favorable entry point. Alistair Berg Topline Summary and Update Revolution Medicines ( NASDAQ: RVMD ) has been on the forefront of novel targeted therapies since its inception, although the focus has changed substantially. These days, their most promising pipeline candidates are RAS inhibitors that are hoped to dramatically widen the pool of patients with cancer who can benefit from this brand of targeted
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RVMD
News
- Decoding Revolution Medicines Inc (RVMD): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
- Revolution Medicines, Inc. (NASDAQ: RVMD) had its price target raised by analysts at HC Wainwright from $62.00 to $64.00. They now have a "buy" rating on the stock.MarketBeat
- Revolution Medicines, Inc. (NASDAQ: RVMD) had its price target raised by analysts at Needham & Company LLC from $61.00 to $68.00. They now have a "buy" rating on the stock.MarketBeat
- Revolution Medicines, Inc. (NASDAQ: RVMD) had its price target raised by analysts at JPMorgan Chase & Co. from $54.00 to $63.00. They now have an "overweight" rating on the stock.MarketBeat
- Revolution Medicines, Inc. (NASDAQ: RVMD) had its price target raised by analysts at Piper Sandler from $57.00 to $70.00. They now have an "overweight" rating on the stock.MarketBeat
RVMD
Earnings
- 11/6/24 - Miss
RVMD
Sec Filings
- 11/19/24 - Form 4
- 11/15/24 - Form 144
- 11/15/24 - Form 4
- RVMD's page on the SEC website