A Look at Kymera Therapeutics (KYMR) Valuation Following BROADEN2 Phase 2b KT-621 Dosing Milestone

Kymera Therapeutics (KYMR) just kicked off dosing in its BROADEN2 Phase 2b trial for KT-621 in moderate to severe atopic dermatitis, a milestone that helps explain the stock’s recent momentum.

See our latest analysis for Kymera Therapeutics.

The BROADEN2 dosing news lands after a strong run, with a 90 day share price return of 51.67% and a three year total shareholder return of 151.87%, suggesting momentum is clearly building as investors reassess Kymera’s growth potential.

If this kind of clinical progress has your attention, it is worth exploring other healthcare stocks that might be setting up for similar long term reratings.

With the shares already up sharply and trading about 18% below consensus estimates, the key question now is whether Kymera remains undervalued on its KT-621 pipeline potential, or if the market is already pricing in future growth?

Most Popular Narrative: 15% Undervalued

With Kymera's fair value estimate sitting meaningfully above the last close at $65.99, the dominant narrative is leaning toward sizable upside from here.

The anticipated Phase II and III trials for their immunology pipeline aim to deliver biologics like efficacy in oral form, which could enhance net margins by reducing manufacturing costs associated with biologics and potentially capturing a larger market share.

Read the complete narrative.

Curious how a still unprofitable biotech earns such a rich future earnings multiple and valuation target? The narrative leans on bold revenue ramps, margin expansion and a long runway of pipeline milestones. Want to see exactly which projections are doing the heavy lifting behind that fair value?

Result: Fair Value of $77.59 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, setbacks in KT-621 data or partner execution missteps could quickly challenge today’s upbeat assumptions and force a rethink on those ambitious earnings ramps.

Find out about the key risks to this Kymera Therapeutics narrative.

Build Your Own Kymera Therapeutics Narrative

If you would rather dig into the numbers yourself or challenge these assumptions, you can build a personalized Kymera thesis in just minutes using Do it your way.

A great starting point for your Kymera Therapeutics research is our analysis highlighting 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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