Morgan Stanley upgrades Arrowhead Pharma stock rating on drug trial outlook

Morgan Stanley has upgraded Arrowhead Pharma (NASDAQ:ARWR) to Overweight from Equalweight and increased its price target to $100.00 from $78.00, anticipating positive results from the Phase 3 SHASTA 3/4 studies of plozasiran in severe hypertriglyceridemia. The firm also raised its plozasiran revenue estimates to $3.2 billion from $1.7 billion in adjusted peak sales due to increased clarity on pricing and potential for broad use. Despite the stock appearing overvalued according to InvestingPro, analysts maintain a bullish consensus, and the company recently reported strong fiscal year 2026 earnings.

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