Bank of America Securities analyst Alec Stranahan has maintained their bullish stance on JANX stock, giving a Buy rating today.
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Alec Stranahan’s rating is based on Janux Therapeutics’ strategic expansion of its technology platform, which has brought new assets into focus. The company has introduced promising TRACIr combinations for prostate cancer, building on the strong data from JANX007, and has revised its TROP2xCD3 program to target large indications effectively. Additionally, Janux’s adaptive immune response modulator platform is expected to extend its reach beyond oncology into inflammation and immunology, adding another dimension to its growth potential.
Furthermore, the PSMA-TRACIr asset is seen as a potential solution to enhance the durability of treatment effects, addressing a key concern among investors. The TROP2 target is well-validated, and Janux’s approach may offer improvements over existing options, particularly in terms of safety and efficacy. With a robust cash position exceeding $1 billion, Janux is well-equipped to advance its pipeline, supporting pivotal data releases and proof-of-concept studies for its new assets. These factors collectively underpin Stranahan’s Buy rating and the optimistic price objective of $64.