BMO Capital Markets Says 4D Molecular Could Be 'Attractive Acquisition Target' - 4D Molecular Therapeutic

BMO Capital Markets initiated coverage on 4D Molecular Therapeutics Inc (NASDAQ:FDMT) with an Outperform rating and a price target of $50.
The analyst writes that 4DMT's platform has generated competitive gene therapies and been clinically validated through its five ongoing clinical programs.
BMO notes that 4D Molecular Therapeutics' Wet Age-Related Macular Degeneration (wet AMD) program addresses key limitations of approved/investigational therapies and can potentially confer a $5 billion opportunity.
Also Read: HC Wainwright Creates Bullish Pitch On 4D Molecular Citing 'Broader Systemic Potential.'
The company's cystic Fibrosis asset 4D-710 can be the first therapy delivering clinical effects in patients without treatment options, potentially unlocking around $3 billion opportunity.
In cystic fibrosis, a 3-5%+ improvement in FEV1 can drive FDMT stock over 50% higher and render the stock an attractive acquisition target.
Potential announcements around partnerships would trigger further upside.
Price Action: FDMT shares are up 0.96% at $21.47 on the last check Monday.

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