Targeted therapies for cancer
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Revolution Medicines, Inc. (NASDAQ: RVMD) Maintains Strong Outlook Despite Setbacks
Financial Modeling Prep· 2026-01-27 18:05
Company Overview - Revolution Medicines, Inc. (NASDAQ: RVMD) is a biotechnology company focused on developing targeted therapies for cancer, known for its innovative approach to oncology, attracting interest from major pharmaceutical companies [1] Stock Performance and Analyst Ratings - Oppenheimer maintained an "Outperform" rating for RVMD, raising its price target from $75 to $150, indicating confidence in the company's future performance despite recent challenges [2][6] - RVMD's stock price recently dropped by nearly 17% after Merck withdrew from acquisition talks, with the potential deal valued between $28 billion and $32 billion [3][6] Acquisition Talks - Merck's CEO expressed interest in high-growth oncology assets, although the company typically targets acquisitions valued at $15 billion or less, which may have contributed to the stalled negotiations with RVMD [4] - AbbVie was reportedly in advanced talks to acquire Revolution Medicines earlier in January, indicating that other potential suitors may emerge, keeping the possibility of an acquisition alive [5][6] Market Capitalization and Trading Volume - Revolution Medicines' market capitalization currently stands at approximately $18.9 billion, with a trading volume of 10,173,600 shares [5]