Mizuho Initiates Erasca (ERAS) With ‘Outperform’ Rating and $16 PT

Erasca, Inc. (NASDAQ:ERAS) is 1 of the 11 Best Performing Stocks successful the Last 12 Months.

This week, Erasca, Inc. (NASDAQ:ERAS) received beardown expert enactment amid advancement successful its RAS inhibitor portfolio.

On January 27, 2026, Mizuho initiated sum of Erasca, Inc. (NASDAQ:ERAS) with an ‘Outperform’ standing and a $16 terms target. The firm’s bullish stance reflects its assurance successful the company’s imaginable to found proof-of-concept for its RAS-targeted therapies successful 2026. Specifically, the steadfast highlighted ERAS-0015 owed to its quality to enactment good astatine tolerable doses, alongside its competitory objective profile.

On the aforesaid day, Erasca, Inc. (NASDAQ:ERAS) received attraction from Guggenheim, which raised its terms people connected the banal from $5 to $12 portion keeping its ‘Buy’ rating. The summation successful assurance reflects updates connected ERAS-0015, ERAS-4001, and the precocious announced financing. Predicting a 30% accidental of occurrence for ERAS-0015 successful second-line and aboriginal NSCLC and PDAC, the steadfast projects a 2030 commercialized launch. On January 23, the institution had announced an upsized nationalist offering of 25,875,000 shares of its communal stock, raising $258.8 cardinal successful gross proceeds.

Additionally, connected January 26, 2026, Morgan Stanley accrued its terms people connected Erasca, Inc. (NASDAQ:ERAS) from $4 to $10, portion reiterating an ‘Equal Weight’ rating.

Erasca, Inc. (NASDAQ:ERAS) focuses connected processing precision oncology therapies that people RAS/MAPK-driven cancers. The institution was founded successful 2018 and is based successful San Diego.

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Disclosure: None.