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Terns Pharmaceuticals Gains Analyst Support For TERN-701
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Terns Pharmaceuticals saw analysts reaffirm bullish ratings after Phase 1 TERN-701 data; Truist reiterated a Buy on Jan. 8 with a $56 target and Mizuho kept an Outperform and $54 target. The trial showed a 64% major molecular response rate at 24 weeks, and CEO Amy Burroughs aims pivotal trials by the end of 2026; shares rose over 300% in the past three months.
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Moderate market-moving analyst confirmation and robust Phase 1 data, limited by single-company scope and non-technical relevance.
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