89Bio Inc (ETNB) has disclosed a new risk, in the Taxation & Government Incentives category.
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89Bio Inc. faces potential financial challenges due to possible adverse legislative or regulatory tax changes in the U.S. The constant review and modification of tax rules by legislative bodies and the IRS could negatively impact the company’s financial condition and its stockholders. Although 89Bio Inc. regularly evaluates the potential effects of tax reforms, the unpredictability of these changes, such as the recent enactment of the One Big Beautiful Bill Act, complicates their financial forecasting. The company’s effective tax rate and overall financial health remain vulnerable to further amendments or repeals of tax provisions.
The average ETNB stock price target is $20.50, implying 123.68% upside potential.
To learn more about 89Bio Inc’s risk factors, click here.