FLEX LNG, Biohaven, and Other Major Stocks Decline in Pre-Market Trading on Wednesday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2025
0mins
Source: Benzinga
U.S. Stock Futures: U.S. stock futures are up, with Nasdaq futures increasing by about 100 points on Wednesday morning.
FLEX LNG Earnings Report: FLEX LNG Ltd shares dropped 8.4% in pre-market trading after reporting quarterly earnings of 43 cents per share, missing the analyst estimate of 46 cents, despite beating sales expectations.
Other Stocks Declining: Several other stocks also saw declines in pre-market trading, including Biohaven Ltd (-7.7%), Samsara Inc (-7.4%), and Dingdong (Cayman) Ltd (-5.1%).
Market Overview: The overall market sentiment appears mixed, with some companies experiencing significant drops following earnings reports and offerings.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on BHVN
Wall Street analysts forecast BHVN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BHVN is 15.09 USD with a low forecast of 9.00 USD and a high forecast of 30.00 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.
14 Analyst Rating
8 Buy
6 Hold
0 Sell
Moderate Buy
Current: 12.670
Low
9.00
Averages
15.09
High
30.00
Current: 12.670
Low
9.00
Averages
15.09
High
30.00
About BHVN
Biohaven Ltd. is a biopharmaceutical company focused on the discovery, development and commercialization of treatments in key therapeutic areas, including immunology, neuroscience, and oncology. It is advancing its portfolio of therapeutics, leveraging its drug development experience and multiple proprietary drug development platforms. Its clinical and preclinical programs include Kv7 ion channel modulation for epilepsy and mood disorders; extracellular protein degradation for immunological diseases; TRPM3 antagonism for migraine and neuropathic pain; TYK2/JAK1 inhibition for neuroinflammatory disorders; glutamate modulation for obsessive-compulsive disorder (OCD) and spinocerebellar ataxia (SCA); myostatin inhibition for neuromuscular and metabolic diseases, including spinal muscular atrophy (SMA) and obesity; antibody recruiting bispecific molecules; and antibody drug conjugates for cancer. Its advanced product candidate from its glutamate receptor antagonist platform is troriluzole.
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.
Wall Street Analysts Upgrade Ratings and Price Targets for Multiple Companies
- Watts Water Upgrade: Keybanc analyst Jeffrey Hammond upgraded Watts Water Technologies Inc (NYSE:WTS) from Sector Weight to Overweight with a price target of $340, reflecting confidence in its growth potential, closing at $289.31 on Tuesday.
- Biohaven Price Target Raised: RBC Capital analyst Leonid Timashev upgraded Biohaven Ltd (NYSE:BHVN) from Sector Perform to Outperform, raising the price target from $9 to $22, indicating optimism about its product prospects, with shares closing at $12.68 on Tuesday.
- Ulta Beauty Rating Upgrade: Raymond James analyst Olivia Tong upgraded Ulta Beauty Inc (NASDAQ:ULTA) from Outperform to Strong Buy, increasing the price target from $605 to $790, showcasing strong confidence in its market performance, with shares closing at $675.62 on Tuesday.
- Albemarle Price Target Increase: Truist Securities analyst Peter Osterland upgraded Albemarle Corp (NYSE:ALB) from Hold to Buy, boosting the price target from $125 to $205, signaling positive expectations for its future performance, with shares closing at $172.54 on Tuesday.
Continue Reading
RBC Upgrades Biohaven to Outperform on Positive Drug Data, $22 Price Target Implies 74% Upside
- Rating Upgrade: RBC Capital Markets upgraded Biohaven from sector perform to outperform, with analyst Timashev noting that new data has reduced uncertainty around the company's epilepsy drug, setting a price target of $22, implying a 74% upside.
- Data Support: Recent January data indicates that Biohaven's Kv7 drug shows activity in the central nervous system, alleviating investors' worst-case concerns ahead of upcoming late-stage trials, thus boosting market confidence.
- Market Potential: Timashev believes the Kv7 modulator may demonstrate a better safety profile than competitors and has the potential to be a fast follower in a market that can support multiple branded drugs, enhancing Biohaven's competitive edge.
- Financial Outlook: While Biohaven still carries a relatively high risk profile, the analyst highlights that the improved financial position and discount relative to the platform's opportunity create an attractive setup for catalysts in 2H26, with successful clinical trials potentially pushing the stock price to $30, indicating nearly 137% upside.
Continue Reading