Oppenheimer raised the firm’s price target on Olema Oncology (OLMA) to $48 from $45 and keeps an Outperform rating on the shares. The firm says Roche’s (RHHBY) lidERA results marked the first time an oral selective estrogen receptor degrader beat an aromatase inhibitor “fair and square.” Oppenheimer says only Olema’s palazestrant can match Roche’s giredestrant. “As the best oral SERD out there (in our view), lidERA considerably boosts palazestrant’s optionality,” the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OLMA:
- Olema Oncology price target raised to $38 from $26 at Goldman Sachs
- Promising Potential of Olema Pharmaceuticals’ Palazestrant in Transforming ER+/HER2- Breast Cancer Treatment
- Positive Outlook for Olema’s OPERA-02 Trial Based on Roche’s Promising Giredestrant Data
- Buy Rating for Olema Pharmaceuticals Driven by Promising Oral SERD Potential in Breast Cancer Treatment
- Olema Oncology price target raised to $43 from $30 at Jefferies