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Ventyx Biosciences (VTYX) Received its Third Buy in a Row

After Evercore ISI and Piper Sandler gave Ventyx Biosciences (NASDAQ: VTYX) a Buy rating last month, the company received another Buy, this time from Jefferies. Analyst Michael Yee maintained a Buy rating on Ventyx Biosciences yesterday and set a price target of $30.00. The company’s shares closed last Wednesday at $14.05.

According to TipRanks.com, Yee is a 1-star analyst with an average return of -2.0% and a 42.1% success rate. Yee covers the Healthcare sector, focusing on stocks such as Vertex Pharmaceuticals, Denali Therapeutics, and Aligos Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ventyx Biosciences with a $38.75 average price target, which is a 181.4% upside from current levels. In a report issued on March 25, Evercore ISI also maintained a Buy rating on the stock with a $45.00 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 115.6K.

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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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