Stock Track | Erasca Soars 5.12% Intraday on Positive Analyst Actions Including Price Target Hikes

Stock Track

03/13

Erasca, Inc. (ERAS) saw its stock price soar 5.12% during intraday trading on Friday, marking a significant upward movement for the biopharmaceutical company.

The surge appears to be driven by a series of positive analyst actions reported pre-market. Mizuho raised its price target on Erasca to $19 from $16 while maintaining an Outperform rating. Separately, H.C. Wainwright & Co. maintained its Buy rating on the stock and significantly increased its price target to $20 from $15. These bullish stances from analysts likely provided the catalyst for the stock's strong performance at the market open.

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(ERAS) saw its stock price soar 5.12% during intraday trading on Friday, marking a significant upward movement for the biopharmaceutical company.</p><p>The surge appears to be driven by a series of positive analyst actions reported pre-market. Mizuho raised its price target on Erasca to $19 from $16 while maintaining an Outperform rating. Separately, H.C. Wainwright & Co. maintained its Buy rating on the stock and significantly increased its price target to $20 from $15. 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