Forte Biosciences Announces Pricing of $75 Million Public Offering

Written by Emily J. Thompson, Senior Investment Analyst

FBRX-0.97%

Source: Newsfilter

Updated: Jun 25 2025

0mins

Source: Newsfilter

Public Offering Announcement: Forte Biosciences, Inc. has priced a public offering of 5,630,450 shares of common stock at $12.00 per share, with gross proceeds expected to be around $75 million, intended for working capital and research activities.
Underwriters and Closing Details: The offering is managed by TD Cowen, Evercore ISI, Guggenheim Securities, and Chardan, with a closing date anticipated on or about June 26, 2025, pending customary conditions.

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FBRX

$29.56+Infinity%1D

Analyst Views on FBRX

Wall Street analysts forecast FBRX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FBRX is 65.00 USD with a low forecast of 65.00 USD and a high forecast of 65.00 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.

2 Analyst Rating

2 Buy

0 Hold

0 Sell

Moderate Buy

Current: 29.850

Low

65.00

Averages

65.00

High

65.00

Current: 29.850

Low

65.00

Averages

65.00

High

65.00

Evercore ISI

Outperform

initiated

$65

2025-11-25

Reason

Evercore ISI

Price Target

$65

AI Analysis

2025-11-25

initiated

Outperform

Reason

Evercore ISI initiated coverage of Forte Biosciences with an Outperform rating and $65 price target. There has been a notable re-rating in development-stage microcap companies, especially those with important proof of concept data in 2025 and 2026, notes the analyst. While arguing that Forte "falls squarely in this bucket," the firm notes shares have been slow to get the same bid until the last two weeks, adding that it thinks the setup is "super attractive into a catalyst-rich 2026."

Guggenheim

NULL -> Buy

initiated

$75

2025-08-18

Reason

Guggenheim

Price Target

$75

2025-08-18

initiated

NULL -> Buy

Reason

Guggenheim initiated coverage of Forte Biosciences with a Buy rating and $75 price target.

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About FBRX

Forte Biosciences, Inc. is a clinical-stage biopharmaceutical company that is advancing FB102, which is an anti-CD122 monoclonal antibody therapeutic candidate with potentially broad autoimmune and autoimmune-related indications. It is advancing clinical development of FB102 into patient-based trials for celiac disease and non-segmental vitiligo. The Company's FB102 program focuses on addressing key pathways implicated in these indications with a CD122 antagonist. CD122 is a subunit of IL-2/IL-15 receptors which are key regulators of NK cells and certain T cell subsets. FB102 has potentially other autoimmune and autoimmune-related applications including vitiligo, alopecia areata, and type 1 diabetes (T1D). Its subsidiaries include Forte Subsidiary, Inc. and Forte Biosciences Australia Proprietary Limited.

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.

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Forte Biosciences Announces Pricing of $75 Million Public Offering

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