
MREO Stock Forecast & Price Target
MREO Analyst Ratings
Bulls say
Mereo BioPharma Group PLC demonstrates a positive outlook due to its robust late-stage product pipeline, specifically setrusumab and alvelestat, targeting significant unmet medical needs in rare diseases. The company's Phase II trials have shown a notable 22% increase in bone mineral density (BMD), which is correlated with reduced fracture rates, providing strong scientific backing for the efficacy of their therapies. Moreover, the potential for a favorable final analysis is bolstered by a significantly higher power for conclusive support, despite previous interim setbacks.
Bears say
Mereo BioPharma Group PLC is facing increased uncertainty regarding its late-stage clinical candidate setrusumab for osteogenesis imperfecta, leading to a downgrade in its price target from $7 to $5. The potential launch timing of setrusumab has been adjusted, contributing to a negative outlook for the company's financial prospects. Despite retaining a buy rating, the overall view on the likelihood of setrusumab's success remains cautious due to the pressures anticipated from this downside scenario.
This aggregate rating is based on analysts' research of Mereo Biopharma Group Plc - ADR and is not a guaranteed prediction by Public.com or investment advice.
MREO Analyst Forecast & Price Prediction
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