TD Cowen analyst Yaron Werber has maintained their bullish stance on ZYME stock, giving a Buy rating yesterday.
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Yaron Werber has given his Buy rating due to a combination of factors that highlight Zymeworks’ promising financial and strategic position. The company reported impressive second-quarter revenues, significantly surpassing both Werber’s and consensus estimates. This was driven by milestone payments, deferred revenues, and commercial license options, indicating strong partnership dynamics and successful product approvals, particularly in China.
Moreover, Zymeworks is making notable progress in its pipeline, with key developments expected to enhance its market position. The upcoming data for the HERIZON-GEA-01 trial in first-line HER2+ GEA is anticipated to be positive, which could greatly expand the company’s opportunities. Additionally, the advancement of Zymeworks’ wholly owned pipeline, including the clearance of the IND for ZW251 and ongoing trials for other promising candidates, underscores its potential for future growth and success.
Werber covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Argenx Se, and Ionis Pharmaceuticals. According to TipRanks, Werber has an average return of 10.1% and a 54.97% success rate on recommended stocks.
In another report released yesterday, LifeSci Capital also maintained a Buy rating on the stock with a $30.00 price target.