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Jade Biosciences surged after beating earnings estimates and receiving a strong-buy upgrade.
Jade Biosciences (JBIO) surged on Tuesday after an upgrade to a strong-buy rating by William Blair, with trading volume jumping 154% above average.
The stock closed at $15.05, up from $14.43, following better-than-expected Q2 earnings of ($0.11) EPS, beating estimates by $0.34.
The company, a clinical-stage biotech focused on inflammatory skin diseases and chronic itch, has a market cap of $737.68 million and a consensus “Buy” rating with a $25.00 average price target.
Its lead programs use small-molecule compounds to target itch and inflammation pathways.
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Jade Biosciences se disparó después de superar las estimaciones de ganancias y recibir una mejora de compra fuerte.