Core Insights - BridgeBio Pharma, Inc. (NASDAQ:BBIO) is recognized as a promising biotech stock by hedge funds, with Piper Sandler analysts maintaining an 'Overweight' rating and a price target of $68, indicating a potential upside of nearly 33% [1] - The company's third-quarter performance is expected to mirror the second quarter in terms of free-drug distribution and gross-to-net adjustments, with the German launch of Beyonttra (Attruby) showing stronger results than the initial U.S. launch due to wide access at approval [2] - BridgeBio has demonstrated impressive financial performance, achieving one-year and three-year returns of 100.67% and 413.98%, respectively, significantly outperforming the market returns of 15.34% and 85.36% [3] Company Overview - BridgeBio Pharma, Inc. is a California-based commercial-stage biopharmaceutical company focused on developing transformative medicines for genetic diseases and cancers, founded in 2015, and offers products such as Attruby and low-dose infigratinib [4]