Vertex Pharmaceuticals (VRTX 2.72%) had a fine Tuesday on the stock exchange. The biotech's shares closed the day nearly 3% higher in price, on the back of two positive mentions by analysts tracking the company's fortunes. That rise was slightly more pronounced than the S&P 500 index's 2.5% increase.
One of these two impactful publications was issued by Swiss bank UBS analyst Eliana Merle. She reiterated her buy recommendation on Vertex stock, and kept her $583-per-share price target intact.
According to reports, Merle's update was based on surveys with medical professionals indicating that the company's next-generation Journavx pain relief treatment is seeing a notable increase in demand.
The second of the pair was part of a broader dive into the current state of pharmaceutical stocks by investment bank Cantor Fitzgerald. The firm presented its new rankings for some of the top names in the field, and flagged Vertex as an overweight (i.e., buy) at $535 per share.
With that tag, Vertex joined sector luminaries such as Zepbound developer Eli Lilly and AbbVie as being buy candidates, in the researcher's view. Cantor Fitzgerald was more bearish on others, like Pfizer and Amgen, which it rated only neutral.
Vertex is appealing simply by virtue of its business strategy; it concentrates on afflictions with high unmet needs. It also seems to have a knack for filling those needs, as the apparent robust demand for Journavx indicates. I think this stock is well worth a look as a somewhat offbeat way to play the biotech and pharma spaces.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。