UBS Sees Zai Lab (ZLAB) as a Rising Global Biopharma Platform

Zai Lab Limited (NASDAQ:ZLAB) ranks among the best high growth Chinese stocks to buy. On January 7, UBS began coverage of Zai Lab Limited (NASDAQ:ZLAB) with a Buy rating and a $35 price target, citing the company’s transition from a China-centric commercial strategy to a global innovation powerhouse. The firm views Zai Lab Limited (NASDAQ:ZLAB) as a distinct biopharma platform poised for long-term global expansion by leveraging its strong China-based business while developing a pipeline of fully owned cancer and immunology assets.

According to UBS, the global pipeline indicates a trend toward high-value, innovative treatments that address numerous unmet needs, potentially redefining Zai Lab’s development path over the coming decade.

The bank believes that Zai Lab Limited (NASDAQ:ZLAB) is undervalued, given recent China commercial disappointments, and that the market doesn’t provide enough credit to its global pipeline, which UBS claims produces considerable long-term value for investors.

Zai Lab Limited (NASDAQ:ZLAB) is a commercial-stage biopharmaceutical company based in China and the United States. It is focused on discovering, developing, and commercializing therapies that address medical conditions with significant unmet needs in oncology, immunology, neuroscience, and infectious disease.

While we acknowledge the potential of ZLAB 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 ZLAB 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.