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RBC Capital Out Positive on Neumora Therapeutics (NMRA): ' See Compelling Entry Point Ahead of Key 2H24 Catalysts'

March 13, 2024 12:07 PM EDT

RBC Capital analyst Brian Abrahams reiterated an Outperform rating and $31.00 price target on Neumora Therapeutics (NASDAQ: NMRA).

The analyst comments "This morning, shares of NMRA are down substantially (~17%, vs. XBI +1%); we have not found any fundamental reasons for today's weakness, but do note that today is the expiration of lock-up agreements in connection with their September 2023 IPO. We would view any... More