Bullish Case: BBIO’s mean-reverting nature, with potential upside from drug pipeline advancements and heightened implied volatility near term, suggests strong rebound prospects.


Bearish Case: BBIO's recent earnings miss, price/book ratio of -1.8, and incremental loss widening reflect persistent fundamental challenges, hinting at further downside.


Potential Outcomes:

1) Earnings beat causes surge: 30%.

2) Another earnings miss drives price below $25: 45%.

3) No significant change, remains around $26-$28: 25%.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 13, 2024


BridgeBio Pharma Forecast

BBIO        BridgeBio Pharma
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with BBIO



WH Forecast + Options Trading Strategies   WH  Wyndham Hotels & Resorts (0.89)


RNW Forecast + Options Trading Strategies   RNW  ReNew Energy Global plc (0.88)


THO Forecast + Options Trading Strategies   THO  Thor Industries (0.87)


LOB Forecast + Options Trading Strategies   LOB  Live Oak Bancshares (0.86)


WAL Forecast + Options Trading Strategies   WAL  Western Alliance Bancorp (0.86)



Uncorrelated Stock Forecasts

Assets with little price relationship to BBIO



SSTI Forecast + Options Trading Strategies   SSTI  ShotSpotter (-0.0)


PRG Forecast + Options Trading Strategies   PRG  PROG (-0.0)


ABUS Forecast + Options Trading Strategies   ABUS  Arbutus Biopharma (0.0)


TXG Forecast + Options Trading Strategies   TXG  10x Genomics (-0.0)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BBIO



DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.72)


STAA Forecast + Options Trading Strategies   STAA  Staar Surgical (-0.74)


VIXM Forecast + Options Trading Strategies   VIXM  ProShares VIX Mid-Term Futures (-0.75)


QID Forecast + Options Trading Strategies   QID  ProShares UltraShort QQQ (-0.76)


PSQ Forecast + Options Trading Strategies   PSQ  ProShares Short QQQ (-0.76)





Become a more profitable investor with AI optimized trading strategies






×

Chat with BBIO


 Ask any question about BBIO!