On July 16, 2025, Oppenheimer analyst Trevor Allred announced the initiation of coverage on MBX Biosciences (MBX, Financial) with an "Outperform" rating. This marks a notable development for the biotechnology company, as it garners attention from a prominent investment firm.
The analyst has set a price target of $38.00 USD for MBX Biosciences, indicating potential upside for the stock. This price target reflects the analyst's positive outlook on the company's prospects and potential performance in the biotechnology sector.
No prior price target or rating was available, making this initiation by Oppenheimer a significant addition to MBX Biosciences' coverage. Investors may find this coverage initiation insightful as they evaluate their positions on MBX.