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-0.0201729106628241 -0.0201729106628241 -0.0201729106628241 -0.0201729106628241 -0.0172910662824207 0.0115273775216138 0.0115273775216138 0.00672430355427476
Stock impact report

Mizuho Initiates Erasca (ERAS) With ‘Outperform' Rating and $16 PT [Yahoo! Finance]

Erasca, Inc. (ERAS) 
Company Research Source: Yahoo! Finance
This week, Erasca, Inc. (NASDAQ:ERAS) received strong analyst support amid progress in its RAS inhibitor portfolio. On January 27, 2026, Mizuho initiated coverage of Erasca, Inc. (NASDAQ:ERAS) with an ‘Outperform' rating and a $16 price target. The firm's bullish stance reflects its confidence in the company's potential to establish proof-of-concept for its RAS-targeted therapies in 2026. Specifically, the firm highlighted ERAS-0015 due to its ability to work well at tolerable doses, alongside its competitive clinical profile. On the same day, Erasca, Inc. (NASDAQ:ERAS) received attention from Guggenheim, which raised its price target on the stock from $5 to $12 while keeping its ‘Buy' rating. The increase in confidence reflects updates on ERAS-0015, ERAS-4001, and the recently announced financing. Predicting a 30% chance of success for ERAS-0015 in second-line and later NSCLC and PDAC, the firm projects a 2030 commercial launch. On January 23, the company had announced an upsize Show less Read more
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