Maintaining Buy on Janux: Trial Progress and Undervalued Pipeline Create Compelling Risk–Reward
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William Blair analyst Matt Phipps reiterated a Buy rating on JANX stock, citing pipeline progress and undervaluation. He highlights the advancement of JANX008 and the market's excessive focus on JANX007's recent disappointment. Phipps believes the stock's current price near the company's cash balance undervalues the pipeline's potential, creating a favorable risk–reward setup. He expects future clinical catalysts to close the valuation gap.
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