JPMorgan analyst Jessica Fye raised the firm’s price target on Ascendis Pharma (ASND) to $245 from $200 and keeps an Overweight rating on the shares. The firm is “even more confident” in Yorvipath’s trajectory following the company’s Q1 report. Yorvipath’s Q1 results are “impressive and set a strong foundation” for continued commercial execution in 2025 that will lead Ascendis on a new trajectory, the analyst tells investors in a research note. JPMorgan now models the company reaching operating profitability this year.
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