Mizuho analyst Uy Ear raised the firm’s price target on Arcutis Biotherapeutics (ARQT) to $37 from $32 and keeps an Outperform rating on the shares. With one month remaining in Q4, Zoryve prescription trends have been stronger than expected, the analyst tells investors in a research note. The firm upped its Q4 sales estimate to $113M, above the $110M consensus, and 2026 estimate to $470M, above the $467M consensus. Mizuho also has greater confidence in the potential of Zoryve to convert the steroidal market.
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