GSK Acquires Rapt Therapeutics for $2.2 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20 Jan 26
Source: NASDAQ.COM
Interactive Strength Inc. saw a significant decline of 27.74% as it crossed below the 5-day SMA amid broader market weakness, with the Nasdaq-100 down 1.20% and the S&P 500 down 1.18%.
The drop in Interactive Strength Inc.'s stock price is attributed to sector rotation, as investors reacted to GSK's acquisition of Rapt Therapeutics for $58 per share, valuing the deal at $2.2 billion. This acquisition is expected to enhance GSK's market position and may influence investor sentiment across the biotech sector.
The implications of this acquisition could lead to increased competition among biotech firms, prompting them to consider similar strategic moves to maintain market relevance.
Analyst Views on TRNR
Wall Street analysts forecast TRNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRNR is 9.00 USD with a low forecast of 9.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.452
Low
9.00
Averages
9.00
High
9.00
Current: 0.452
Low
9.00
Averages
9.00
High
9.00
About TRNR
Interactive Strength Inc. produces specialty fitness equipment and digital fitness services under two brands: CLMBR and FORME. CLMBR is a vertical climbing machine that offers full-body strength and cardio workout. The CLMBR software provides a digital experience and the CLMBR Connected display provides hundreds of on-demand classes for trainers. FORME is a digital fitness platform that combines smart gyms with live virtual personal training and coaching to deliver immersive experience and outcomes for both consumers and trainers. FORME delivers fitness experience through two connected hardware products: The FORME Studio Lift (fitness mirror and cable-based digital resistance) and The FORME Studio (fitness mirror). FORME also offers personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. The Company also owns Wattbike, the indoor performance training bike business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
