J.P. Morgan analyst Jessica Fye has maintained their neutral stance on IONS stock, giving a Hold rating yesterday.
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Jessica Fye’s rating is based on a combination of factors that reflect both opportunities and uncertainties for Ionis Pharmaceuticals. While the company has shown promising results in its CORE and CORE2 trials with olezarsen, particularly in reducing acute pancreatitis events, there are still aspects that warrant caution. The stock has seen a notable increase in value, partially due to these trial results and strong competitor sales, but the full potential impact of these trials may not yet be fully reflected in the stock price.
Furthermore, the company’s future growth appears promising with upcoming product launches, but the market uptake and pricing strategies for olezarsen remain to be fully realized. The anticipated regulatory submission and potential launch timeline also introduce elements of uncertainty. These factors combined lead to a Hold rating, suggesting that while there is potential for growth, there are also risks that investors should consider.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $43.00 price target.