RBC Capital cuts NewAmsterdam Pharma stock price target on trial risk
RBC Capital reduced its price target for NewAmsterdam Pharma (NAMS) to $42 from $50, citing concerns over the Phase III PREVAIL trial's interim analysis. The stock is down 34% year-to-date, trading near its 52-week low. RBC estimates a 35-38% success probability for the interim analysis but sees a high chance of success by the end of 2027. The firm notes negative investor sentiment but potential favorable risk/reward at current levels.
