BridgeBio Pharma (BBIO) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BridgeBio Pharma in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BBIO shares.
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9 Wall Street analysts have issued 12-month price targets for BridgeBio Pharma's shares. Their BBIO share price forecasts range from $18.00 to $40.00. On average, they expect the company's share price to reach $26.63 in the next year. This suggests a possible upside of 86.7% from the stock's current price.
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BridgeBio Pharma's stock was trading at $7.62 at the beginning of 2023. Since then, BBIO stock has increased by 87.1% and is now trading at $14.26.
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BridgeBio Pharma saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 13,290,000 shares, a drop of 6.4% from the April 30th total of 14,200,000 shares. Based on an average daily trading volume, of 3,140,000 shares, the short-interest ratio is currently 4.2 days. Currently, 11.5% of the shares of the stock are sold short.
View BridgeBio Pharma's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our BBIO earnings forecast.

BridgeBio Pharma, Inc. (NASDAQ:BBIO) released its quarterly earnings results on Thursday, May, 4th. The company reported ($0.92) earnings per share for the quarter, missing analysts' consensus estimates of ($0.83) by $0.09. The company had revenue of $1.83 million for the quarter, compared to analysts' expectations of $3.23 million. BridgeBio Pharma's revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.35) EPS.

ETFs with the largest weight of BridgeBio Pharma (NASDAQ:BBIO) stock in their portfolio include Direxion Moonshot Innovators ETF (MOON), Virtus LifeSci Biotech Products ETF (BBP), Principal Healthcare Innovators ETF (BTEC), SPDR S&P Biotech ETF (XBI), WisdomTree BioRevolution Fund (WDNA), Direxion Daily S&P Biotech Bull 3x Shares (LABU), Invesco Nasdaq Biotechnology ETF (IBBQ) and iShares Biotechnology ETF (IBB).

Based on aggregate information from My MarketBeat watchlists, some companies that other BridgeBio Pharma investors own include Advanced Micro Devices (AMD), Gilead Sciences (GILD), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Pfizer (PFE), Roku (ROKU), Editas Medicine (EDIT), Block (SQ), Sorrento Therapeutics (SRNE) and Sarepta Therapeutics (SRPT).

(BBIO) raised $225 million in an initial public offering on Thursday, June 27th 2019. The company issued 15,000,000 shares at a price of $14.00-$16.00 per share. J.P. Morgan, Goldman Sachs, Jefferies, SVB Leerink and KKR served as the underwriters for the IPO and Piper Jaffray, Mizuho Securities, BMO Capital Markets and Raymond James were co-managers.

BridgeBio Pharma trades on the NASDAQ under the ticker symbol "BBIO."

BridgeBio Pharma's stock is owned by many different retail and institutional investors. Top institutional shareholders include Hhlr Advisors LTD. (2.48%), Geode Capital Management LLC (1.40%), Perceptive Advisors LLC (1.19%), Pictet Asset Management SA (0.90%), Ensign Peak Advisors Inc (0.67%) and Charles Schwab Investment Management Inc. (0.58%). Insiders that own company stock include Brian C Stephenson, Cameron Turtle, Charles J Homcy, Douglas A Dachille, Genetic Disorder LP Kkr, Michael Thomas Henderson, Neil Kumar, Randal W Scott, Richard H Scheller and Ronald J Daniels.
View institutional ownership trends.

Shares of BBIO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BBIO stock can currently be purchased for approximately $14.26.

BridgeBio Pharma (NASDAQ:BBIO) has a market capitalization of $2.29 billion and generates $77.78 million in revenue each year. The company earns $-481,180,000.00 in net income (profit) each year or ($2.84) on an earnings per share basis.

The company employs 576 workers across the globe.

BridgeBio Pharma's mailing address is 421 Kipling Street, Palo Alto CA, 94301. The official website for the company is bridgebio.com. The company can be reached via phone at (650) 391-9740.