Jefferies Keeps Their Buy Rating on Ventyx Biosciences (VTYX)

In a report released yesterday, Michael Yee from Jefferies maintained a Buy rating on Ventyx Biosciences (VTYXResearch Report), with a price target of $30.00. The company’s shares closed yesterday at $18.60.

Yee covers the Healthcare sector, focusing on stocks such as Amgen, Gilead Sciences, and Vertex Pharmaceuticals. According to TipRanks, Yee has an average return of -0.9% and a 45.71% success rate on recommended stocks.

Ventyx Biosciences has an analyst consensus of Strong Buy, with a price target consensus of $35.00, implying an 88.17% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $63.00 price target.

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The company has a one-year high of $26.00 and a one-year low of $9.50. Currently, Ventyx Biosciences has an average volume of 202.7K.

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Ventyx Biosciences Inc is a clinical-stage biopharmaceutical company focused on advancing new therapies for millions of patients living with inflammatory diseases and autoimmune disorders. Its lead product candidate VTX958 is an oral, selective clinical-stage tyrosine kinase type 2 (TYK2) inhibitor designed to inhibit TYK2 without detectable inhibition of other Janus kinase (JAK) isoforms, which avoids toxicities associated with broader JAK inhibition and, thus, other JAK inhibitors.

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