Guggenheim raises MBX Biosciences price target to $150 on obesity drug potential
Guggenheim raised its price target for MBX Biosciences (NASDAQ:MBX) to $150 from $88, citing potential in its obesity drug MBX 4291. The stock has surged 238% over the past year but may be overvalued. Guggenheim's analysis projects $2.6B in risk-adjusted revenue and a 165% upside. MBX reported a Q2 loss of $0.78 per share, with increased R&D expenses. UBS reiterated a Buy rating with a $90 target.


