Piper Sandler raised the firm’s price target on BioMarin (BMRN) to $126 from $122 and keeps an Overweight rating on the shares following a Q4 top- and bottom-line beat and FY25 guidance that infers meaningful upside to consensus. With Voxzogo still showing robust growth and the legacy ERT/Palynziq business with meaningful growth potential, the firm likes BioMarin’s chances at meeting or beating FY27 revenue guidance of over $4B. Coupling this with two meaningful pipeline updates this year, Piper thinks management continues to execute well across all aspects of the business.
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