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JP Morgan says these two stocks could surge by more than 80%

After a volatile first quarter, the second quarter begins stylishly, with key indices staying at or near record highs. The government bond market is also stable as yields have fallen since it rose earlier this year, and investors are worried that inflation may get out of hand. Moreover, the economic recovery seems to be gaining momentum at a faster pace than expected. Hugh Gimber, global market strategist at JP Morgan, hoped the data would improve during this time, but early signs indicate that the recovery is perfectly on track. This is the time when forecasts of a strong recovery in growth are beginning to look like the facts of a strong recovery in growth. Against this backdrop, JP Morgan analysts have identified two names that are expected to grow strongly over the next year. Both are expected to brilliantly reward investors with a profit of at least 80% in the coming months. I ran them in the TipRanks database to see what other Wall Street analysts were saying about them. Tencent Music Entertainment (TME) Tencent Music Entertainment begins in China, a descendant of China’s giant online venture Tencent and Spotify, a Swedish streaming company that makes it easy to create music and playlists. Tencent Music has consistently generated strong sales and revenues over the past year, with its top line increasing year-over-year in each quarter of 2020. The fourth-quarter report showed $ 1.26 billion at the top line, the highest in the last two years. Revenue per share was 12 cents, up 33% year-on-year. Strong streaming revenue, which showed 29% growth, helped drive results. Tencent Music is also the number one music streaming service in China’s online market, as evidenced by a 40.4% year-on-year increase in paying subscribers in the fourth quarter through its various apps. In quarterly results, the company reported 4.3 million net new users in the fourth quarter, reaching 56 million active premium accounts across the app. That said, as with many other high-growth names, stock prices have fallen sharply lately as concerns about overheated valuations have come to the fore. However, pullbacks often offer opportunities and cover JPM inventory, Alex Yao points out the potential for significant increases in subscriptions and monetization of other companies, online advertising, and feature-length audio. doing. TME believes it is entering a healthy development cycle with its next growth engine. 1) Music subscriptions continue to be a major revenue driver with consistently improved pay ratios, 2) advertising revenues grow rapidly, and 3) aggressive investment in long-form audio initiatives. Mr. Yao has the potential to become a new growth driver after 2022. ” To this end, Yao has set a $ 36 price target for TME, suggesting an 84% increase over the year, and boosting stock overweight (ie buy) valuations. .. (Click here to see Yaos achievements) Overall, TME has a reputation from Wall Street. Of the 11 reviews recorded, 7 are purchases, 3 are pending, and 1 is for sale, with moderate analyst consensus. Purchase. The stock price is $ 19.50 and the average price target is $ 30.19, which means a 55% increase in the coming months (see TipRanks TME Equity Analysis) Y-mAbs Therapeutics (YMAB) The next JPM pick is Y .. -mAbs, a late clinical biopharmaceutical company focused on pediatric oncology. Th e is working on the development and commercialization of new antibody-based cancer treatments. Y-mAbs includes one drug approved for use in the treatment of neuroblastoma in children over 1 year of age, a broad and advanced pipeline of drug candidates at various stages of the clinical process, and preclinical research stages. There are 5 additional products in. Having an approved drug is a holy grail for clinical biopharmacy companies, and in 4Q20 Y-mAbs earned a significant amount of money from Danyelza. At the end of December, the company announced that it had agreed to sell the drug’s Priority Review Guarantee to United Therapeutics for $ 105 million. Y-mAbs reserves the right to 60% of net income from the sale under an agreement with Memorial Sloan Kettering. In December, the company also announced a license agreement with SciClone. This partnership gives Y-mAbs and Danielza the opportunity to treat pediatric patients in China. The deal includes mainland China, Taiwan, Hong Kong and Macau and is worth up to $ 120 million in Y-mAbs. The company has signed other agreements to make Danyelza available in Eastern Europe and Russia. Danyelza is Y-mAbs’ flagship product, but there is also omburtamab, which is at an advanced stage in the pipeline. The candidate retreated in October last year when the FDA refused to submit its Biologics License Application, which proposes treatment for pediatric patients with CNS / soft meningeal metastases. Y-mAbs has been in steady contact with the FDA ever since, and the new target date for the BLA will be the end of the second quarter of 2009 or the beginning of the year. One of these two drugs has been approved and the other has not yet formed the basis for the JPM outlook for this strain. Analyst Tessa Romero wrote: Our treatise revolves around the risk-free nature of the pediatric oncology pipeline. Our recent KOL feedback is enthusiastic about the use of the lead asset Danielza in patients with high-risk neuroblastoma (NB). NB’s second lead asset, Ombretamab (CNS / LM from NB), which has metastasized to the central nervous system, was certainly disappointing last year’s refusal to submit and subsequent regulatory delays, but the product was approved in the second quarter. I think it is still likely to be done. / 3Q22 Timeframe From now on, Romero sees a bright outlook for the company. We believe that equities are ready to recover and are attractive, coupled with expectations for a healthy launch of Danyelza and the expected regulatory / clinical momentum in the short to medium term. Purchase opportunity at the current level. Analysts have set a $ 52 price target for YMAB shares. This means an 86% increase over the next year, supporting overweight (ie buy) valuations. (Click here to see Romeros performance) Overall, Wall Street reviews are categorized as 3: 1 in favor of buying and holding Y-mAbs, a consensus rating of strong stock buying. Is giving. The average stock price target is $ 61.25, suggesting a 121% increase this year. (See TipRanks YMAB Equity Analysis) To find good ideas for stocks traded in attractive valuations, visit TipRanks Best Stocks to Buy, a newly released tool that integrates all of TipRanks’ stock insights. Please give me. Disclaimer: The opinions expressed in this article are only those of the analysts of interest. This content is for informational purposes only. It is very important to do your own analysis before making an investment.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

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