tiprankstipranks
Trending News
More News >

Insmed’s Promising Future: Buy Rating Backed by Brensocatib Launch and Strong Clinical Pipeline

Insmed’s Promising Future: Buy Rating Backed by Brensocatib Launch and Strong Clinical Pipeline

Bank of America Securities analyst Jason Zemansky has reiterated their bullish stance on INSM stock, giving a Buy rating yesterday.

Confident Investing Starts Here:

Jason Zemansky has given his Buy rating due to a combination of factors that highlight Insmed’s promising future prospects. The company is actively preparing for the anticipated launch of brensocatib, with positive signals from the FDA indicating that the review process is progressing smoothly. This, coupled with strong patient interest and effective commercial initiatives, suggests a successful launch is on the horizon, potentially leading to significant revenue growth.
Additionally, Insmed’s upcoming clinical readouts, particularly the TPIP phase 2 in PAH and the brenso CRSsNP phase 2b, are expected to bolster the company’s market position. Despite some concerns, the consistent growth of Arikayce across various regions provides a solid foundation for the company’s financial stability. These factors, along with adjustments in financial estimates and valuation metrics, underpin Zemansky’s confidence in a Buy rating for Insmed’s stock.

Zemansky covers the Healthcare sector, focusing on stocks such as Cytokinetics, Insmed, and BridgeBio Pharma. According to TipRanks, Zemansky has an average return of 9.9% and a 52.17% success rate on recommended stocks.

In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $90.00 price target.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue