AI ERAS Forecast


Price Forecast:


Bearish<->Bullish


Bullish Case: Erasca's strong pipeline with FDA approvals for ERAS-801 and positive trials could significantly boost investor confidence, with a potential upside to $5 in the short term due to increased adoption.


Bearish Case: High implementation costs and regulatory hurdles continue to restrict market adoption, coupled with past volatility, suggesting that ERAS might struggle to maintain current levels and could decline to $1.


Potential Outcomes:

1. FDA approval of ERAS-801 (60%);

2. Positive naporafenib trial results (50%);

3. High implementation costs hinder adoption (50%);

4. Regulatory delays impact sentiment (30%);

5. Market consolidation benefits stock (25%).


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September 10, 2024


Erasca Forecast

ERAS      Erasca











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EBS Forecast + Options Trading Strategies   EBS  Emergent Biosolutions (0.75)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (0.75)



Uncorrelated Assets

Assets with little price relationship to ERAS



AMBA Forecast + Options Trading Strategies   AMBA  Ambarella (-0.0)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (-0.0)


ALKS Forecast + Options Trading Strategies   ALKS  Alkermes (0.0)


FSK Forecast + Options Trading Strategies   FSK  FS KKR (0.0)


ZG Forecast + Options Trading Strategies   ZG  Zillow (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against ERAS



SNOW Forecast + Options Trading Strategies   SNOW  Snowflake (-0.68)


WMG Forecast + Options Trading Strategies   WMG  Warner Music (-0.69)


LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (-0.69)


UDMY Forecast + Options Trading Strategies   UDMY  Udemy (-0.71)


CC Forecast + Options Trading Strategies   CC  Chemours (-0.74)





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