Jazz Pharmaceuticals (JAZZ) Price Target Raised After Modeyso Commercial Strategy Update

Jazz Pharmaceuticals plc (NASDAQ:JAZZ) ranks among the best mid-cap stocks with huge upside potential. Truist Securities reaffirmed its Buy rating on Jazz Pharmaceuticals plc (NASDAQ:JAZZ) and boosted its price target from $200 to $205 on August 28. The update comes after Jazz’s webcast, which focused on the company’s marketing approach for Modeyso (dordaviprone), a recently licensed medication that treats an extremely rare type of aggressive glioma with an H3 K27M mutation.

According to Truist Securities, Modeyso is well-positioned for “robust commercial uptake” in the market due to the lack of competition for this high-unmet-need brain tumor. Additionally, the firm noted that Jazz Pharmaceuticals plc (NASDAQ:JAZZ) was granted a Priority Review Voucher (PRV) for the clearance, whose estimated market worth exceeds $150 million.

Jazz Pharmaceuticals plc (NASDAQ:JAZZ) is a biopharmaceutical company that develops treatments for serious illnesses. Its key products include Xywav, Xyrem, Epidiolex, Rylaze, Zepzelca, Defitelio, and Vyxeos.

While we acknowledge the potential of JAZZ to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JAZZ and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.