RE:JonesTrading initiates Buy & sets $6 price targetI have had a quick look at the report and it seems well done. It is 36 pages long. He gives no value to NASH yet (Cantor gave it significant value) and more value to TH-1902 and the SORT1+ platform (he has some royalty payments factored in as well as direct revenues from it starting in 2026).
Jones is a retail oriented broker. So, for those of us who have been asking for something on this front, here is your first answer. It will be interesting to see how things proceed now that we have this element involved. It has the potential to be quite consequential for the share price as it will not take a lot of new demand for the stock to move it meaningfully higher. And retail investors face none of the constraints institutional investors do.
PWIB123 wrote: Never heard of JonesTrading or the analyst Justin Walsh, but I'll take any positive news we can get.