IDEAYA Biosciences, Inc. (NASDAQ: IDYA) Overview: Precision Medicine in Oncology

Font: Financial Modeling Prep  • Feb 13, 2026

• IDEAYA Biosciences focuses on developing targeted therapeutics for cancer, with promising candidates like IDE397 and IDE196 in clinical trials.
• Recent analyst price targets have decreased to $45, reflecting tempered expectations despite previous optimism.
• The company's lead asset, darovasertib, for treating uveal melanoma, shows potential for significant revenue, supported by strong partnerships and collaborations.

IDEAYA Biosciences, Inc. (NASDAQ: IDYA) is a precision medicine oncology company dedicated to developing targeted therapeutics for specific patient populations using molecular diagnostics. The company is advancing several promising product candidates, such as IDE397 and IDE196, which are in various stages of clinical trials. Additionally, IDEAYA has a strong preclinical pipeline targeting synthetic lethality programs, which could offer new treatment options for cancer patients.

The consensus price target for IDEAYA Biosciences has experienced fluctuations over the past year. A quarter ago, analysts were more optimistic, with an average price target of $54.67. However, this target has decreased to $45 in the past month, aligning closely with the target from a year ago, which was $44. This suggests that while there was a period of increased optimism, recent developments or market conditions may have tempered expectations.

IDEAYA Biosciences is on the brink of significant advancements with its lead asset, darovasertib, aimed at treating uveal melanoma. The drug has shown promising results in Phase 2 trials and is involved in multiple pivotal studies. There is potential for darovasertib to generate over $500 million in peak revenue, which could significantly impact the company's financial performance and stock valuation.

The company has established a strong partnership with Servier and is engaged in collaborations with major pharmaceutical companies. These collaborations, along with strategic partnerships like the one with GlaxoSmithKline plc, highlight IDEAYA's efforts to leverage external expertise and resources to accelerate its drug development process. Such partnerships are crucial for the company's growth and could influence analyst sentiment and price targets moving forward.

Despite the current valuation of $3.1 billion, analysts from Robert W. Baird have set a price target of $18 for IDEAYA Biosciences. This target reflects the potential of its extensive portfolio and the near-term catalysts on the horizon. Investors should monitor updates regarding clinical trial results and further strategic partnerships, as these could impact the stock's performance and analyst expectations.