Morgan Stanley Rates Mirum Pharmaceuticals (MIRM) buy

Morgan Stanley maintains its buy rating with a $150 target for Mirum Pharmaceuticals, a 48.51% upside from the current price.

By EarningsIQ Research Desk · Published Jun 13, 2026, 2:07 AM EDT · Updated Jun 16, 2026, 11:01 AM EDT

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Morgan Stanley rated Mirum Pharmaceuticals, Inc. ($MIRM) "buy" with a $150 price target on June 11, 2026.

Since the rating, $MIRM is up 7.6% after 1 week, up 19.6% after 1 month and down 19.5% to date (from the $99.54 close on Jun 11, 2026).

MIRM Mirum Pharmaceuticals, Inc.

$80.14 +2.65% year to date

Daily close · Oct 16, 2026

Key Points

Morgan Stanley analyst Michael Ulz reiterated a buy rating for Mirum Pharmaceuticals with a target price of $150 on June 11, 2026.
Morgan Stanley's $150 price target implies 48.51% upside from Mirum Pharmaceuticals, Inc.'s ($MIRM) current $101 share price.
Mirum Pharmaceuticals, trading at $99.52, has a market cap of $6.06 billion and a 52-week high of $114.99.
Institutional activity includes Frazier Life Sciences Management adding 884,563 shares, while State Street Corp reduced its holdings by 199,711 shares.

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Morgan Stanley analyst Michael Ulz reiterated a buy rating on Mirum Pharmaceuticals, Inc. (NasdaqGM: MIRM) on June 11, 2026. Ulz set a target price of $150 for the biopharmaceutical company, which focuses on treatments for rare diseases. Mirum's stock traded at $99.52 as of this report.

Other Institutional Activity in Mirum Pharmaceuticals

Several other institutional investors have been active in Mirum Pharmaceuticals. Frazier Life Sciences Management grew its holdings by 884,563 shares, reaching a total of 7,679,684 shares worth about $709.4 million. Janus Henderson Group added 880,505 shares, ending with 6,945,813 shares valued at $641.8 million. BlackRock, Inc. increased its stake by 201,244 shares to 3,846,530 shares, valued at $355.3 million. On the other hand, State Street Corp reduced its holdings by 199,711 shares, leaving it with 1,944,281 shares worth $179.6 million.

Mirum Pharmaceuticals, Inc. Stock Up 10.0%

Shares of Mirum Pharmaceuticals are trading near $99.52. The company has a market capitalization of approximately $6.06 billion. Mirum's forward P/E ratio is not meaningful due to its lack of profitability, and it has a beta of 0.506. The stock's 52-week range is between $47.89 and $114.99, with a 50-day moving average of $98.07 and a 200-day moving average of $85.59. The current ratio stands at 2.09, and its debt-to-equity ratio is 133.52.

12-month forecast

$MIRM price target

Mirum Pharmaceuticals, Inc. daily closes and this analyst's $150 target. Not advice.

Recent Earnings

Mirum Pharmaceuticals reported revenue of $569.6 million, reflecting a growth rate of 43.3%. However, the company posted a net margin of -140.2% and a return on equity of -335.8%. The next earnings report is expected on May 6, 2026.

Insider Buying and Selling at Mirum Pharmaceuticals, Inc.

Recent insider activity includes CFO Eric Bjerkholt purchasing 2,393 shares on June 9, 2026, at $26.49 per share. On the same day, he also sold 2,393 shares as part of a planned transaction. Additionally, on June 8, 2026, Bjerkholt sold 5,000 shares at an average price of $93.82 under a Rule 10b5-1 plan. President and COO Peter Radovich bought and sold 16,988 shares on June 5, 2026.

Analysts Set New Price Targets

On June 11, 2026, Morgan Stanley maintained its buy rating with a $150 price target. Citigroup initiated coverage on June 2, 2026, with a buy rating and a $145 target. Wolfe Research also initiated coverage with a buy rating and a similar target on May 19, 2026. The consensus rating is a strong buy, with a mean target price of $144.93 based on 14 analyst opinions.

About Mirum Pharmaceuticals

Mirum Pharmaceuticals, Inc. is a biotech company headquartered in Foster City, California, specializing in therapies for rare and orphan diseases. Its main product, LIVMARLI, treats cholestatic pruritus in Alagille syndrome. The company also markets Cholbam and Chenodal for bile acid disorders and gallbladder stones, and is developing treatments for other diseases. Mirum collaborates with several major pharmaceutical companies and was founded in 2018.

Bottom Line

Morgan Stanley's reiteration of a buy rating with a $150 target reflects ongoing confidence in Mirum Pharmaceuticals' potential. Investors keep a close eye on such analyst actions, though it's important to remember that these ratings are based on past data and projections. As always, 13F filings and analyst ratings provide a snapshot of sentiment but don't guarantee future performance.