Evercore ISI Initiates Revolution Medicines (RVMD) With an Outperform Rating - Here's Why

Revolution Medicines, Inc. (NASDAQ:RVMD) is one of the best strong buy healthcare stocks to invest in. Revolution Medicines, Inc. (NASDAQ:RVMD) was initiated with an Outperform rating and a $140 price target by Evercore ISI on February 25. The firm set a $140 price target on the stock, stating that with the expected launch of daraxonrasib, the company is “poised for a potential breakthrough in oncology”. With strategic distractions fading, Evercore sees “a promising entry point” ahead of key Phase 3 data in pancreatic cancer expected in the first half of 2026.

The rating update came the same day Revolution Medicines, Inc. (NASDAQ:RVMD) announced its fiscal Q4 and full year 2025 results, reporting cash, cash equivalents, and marketable securities of $2.0 billion as of December 31, 2025.

Research and development expenses for the quarter were $294.9 million, compared to $188.1 million for the previous year period. The company attributed the increase to a rise in clinical trial and manufacturing expenses for daraxonrasib, zoldonrasib, and elironrasib, along with an increase in personnel-related expenses and stock-based compensation expense related to additional headcount.

Revolution Medicines, Inc. (NASDAQ:RVMD) is a clinical-stage precision oncology company that develops novel targeted therapies. It discovers and develops cancer treatments through novel combination and monotherapy treatment regimens that enhance clinical benefits.

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Disclosure: None. This article is originally published at Insider Monkey.