J.P. Morgan analyst Anupam Rama has maintained their bullish stance on OLMA stock, giving a Buy rating on October 20.
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Anupam Rama has given his Buy rating due to a combination of factors related to the promising outlook for Olema Pharmaceuticals. The company’s key product, palazestrant, shows significant potential in differentiating itself in the treatment of breast cancer, particularly in the 2L/3L settings for patients who have previously experienced CDK4/6 inhibitors. The anticipated results from the OPERA-01 study, expected in the second half of 2026, are likely to further demonstrate the drug’s efficacy, especially in wild-type patients where a progression-free survival (PFS) advantage over the standard of care is anticipated.
Additionally, Olema’s strategic positioning in the competitive SERD/CERAN space is noteworthy, with palazestrant showing superior PFS results when combined with ribociclib, compared to existing benchmarks. This underlines the potential for palazestrant to be a differentiated product in both later and earlier lines of therapy. The market currently undervalues Olema’s shares, providing an attractive investment opportunity based on the long-term prospects of palazestrant’s success in the oncology market.
In another report released on October 20, Oppenheimer also reiterated a Buy rating on the stock with a $22.00 price target.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OLMA in relation to earlier this year.