TD Cowen Bullish on Ideaya’s (IDYA) Oncology Pipeline

IDEAYA Biosciences, Inc. (NASDAQ:IDYA) is one of the best biotech stocks to buy according to billionaire Steve Cohen. On July 22, TD Cowen began coverage of IDYA with a Buy rating, highlighting the company’s $1.91 billion valuation and strong analyst consensus.

TD Cowen Bullish on Ideaya’s (IDYA) Oncology Pipeline

A doctor delivering the results of an epigenetics-based clinical test to a patient.

Price targets span $25 to $66, reflecting optimism for its expanding pipeline, which is set to include nine clinical-stage programs that the firm praised as “the best of targeted oncology.”

Among the highlights, TD Cowen emphasized the daro + criz combo therapy targeting metastatic uveal melanoma, with a 2026 launch and promising neoadjuvant prospects. The firm also signaled confidence in upcoming DLL3 ADC results and noted that MAT2A’s efficacy could complement Trodelvy treatments, adding further depth to Ideaya’s clinical momentum.

IDEAYA Biosciences, Inc. (NASDAQ:IDYA) is a clinical-stage oncology company focused on discovering and developing targeted therapies for cancer patients. It utilizes molecular diagnostics to identify patient populations most likely to benefit from their therapies.

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