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BioMarin price target lowered to $86 from $106 at Guggenheim

Guggenheim analyst Debjit Chattopadhyay lowered the firm’s price target on BioMarin (BMRN) to $86 from $106 and keeps a Buy rating on the shares. The likely impact of a potential competitor launch to the Voxzogo franchise were a drag on the below-consensus guidance for FY26 Voxzogo sales, but headwinds to Voxzogo and discontinuation of Roctavian are counterbalanced by potential closing of the Amicus (FOLD) acquisition, the analyst tells investors.

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