UBS Initiates Neutral Coverage on Jasper Therapeutics with $1.50 Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 22 hours ago
0mins
Should l Buy JSPR?
Source: Yahoo Finance
- Coverage Initiation: UBS initiated coverage of Jasper Therapeutics (NASDAQ:JSPR) on March 23, 2026, with a Neutral rating and a $1.50 price target, indicating a cautious outlook due to competitive pressures that may limit upside potential.
- Clinical Data Update: On January 8, 2026, Jasper reported updated data for briquilimab, revealing that 67% of patients achieved a complete response at 12 weeks, while 83% responded by week 3 after the initial dose, highlighting the therapy's promise in chronic spontaneous urticaria (CSU).
- Future Research Plans: The company plans to initiate a Phase 2b study for CSU in the second half of 2026, with BEACON and open-label extension data supporting dose selection, demonstrating positive progress in clinical development.
- Investment Outlook Analysis: While Jasper is viewed as a potential investment, UBS noted that certain AI stocks offer greater upside potential and lower downside risk, reflecting a shift in market preference towards more attractive investment options in the biotech sector.
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Analyst Views on JSPR
Wall Street analysts forecast JSPR stock price to rise
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 1.050
Low
4.00
Averages
12.00
High
20.00
Current: 1.050
Low
4.00
Averages
12.00
High
20.00
About JSPR
Jasper Therapeutics, Inc. is a clinical-stage biotechnology company. The Company is focused on developing therapeutics targeting mast cell-driven diseases, such as Chronic Spontaneous Urticaria (CSU) and Chronic Inducible Urticaria (CIndU), and Asthma. The Company's lead product candidate, briquilimab, is a monoclonal antibody designed to block stem cell factor (SCF) from binding to and signaling through the CD117 (c-Kit) receptor on mast and stem cells. Briquilimab is a targeted aglycosylated monoclonal antibody that blocks stem cell factor from binding to the cell-surface receptor c-Kit, also known as CD117, thereby inhibiting signaling through the receptor. The SCF/c-Kit pathway is a survival signal for mast cells. It is also developing briquilimab as a one-time conditioning therapy for severe combined immunodeficiency (SCID) patients undergoing a second stem cell transplant for which it is conducting a Phase 1/2 clinical trial.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
UBS Initiates Neutral Coverage on Jasper Therapeutics with $1.50 Target
- Coverage Initiation: UBS initiated coverage of Jasper Therapeutics (NASDAQ:JSPR) on March 23, 2026, with a Neutral rating and a $1.50 price target, indicating a cautious outlook due to competitive pressures that may limit upside potential.
- Clinical Data Update: On January 8, 2026, Jasper reported updated data for briquilimab, revealing that 67% of patients achieved a complete response at 12 weeks, while 83% responded by week 3 after the initial dose, highlighting the therapy's promise in chronic spontaneous urticaria (CSU).
- Future Research Plans: The company plans to initiate a Phase 2b study for CSU in the second half of 2026, with BEACON and open-label extension data supporting dose selection, demonstrating positive progress in clinical development.
- Investment Outlook Analysis: While Jasper is viewed as a potential investment, UBS noted that certain AI stocks offer greater upside potential and lower downside risk, reflecting a shift in market preference towards more attractive investment options in the biotech sector.
See More
UBS Initiates Coverage of Jasper Therapeutics Inc with Neutral Rating and $1.50 Price Target
Company Overview: Jaspar Therapeutics is a biopharmaceutical company focused on developing innovative therapies.
Recent Coverage: The company has received neutral ratings in recent analyses, indicating a cautious outlook from analysts.
Target Price: Analysts have set a target price of $1.50 for Jaspar Therapeutics' stock.
Market Position: The neutral rating suggests that while there is potential, there are also risks that investors should consider.
See More
Jasper Appoints Jeet Mahal as CEO, Focuses on Chronic Urticaria Treatment
- Leadership Change: Jasper Therapeutics has appointed Jeet Mahal as CEO, succeeding Ronald Martell, who joined in 2022; Mahal brings over 30 years of life sciences experience and will drive the development of briquilimab, enhancing the company's competitiveness in chronic urticaria.
- Clinical Research Update: Jasper will host an investor webinar on January 8, 2026, to present updated data from the BEACON study and open-label extension studies, aiming to boost investor confidence and increase focus on briquilimab.
- Product Development Strategy: Mahal emphasized briquilimab's potential in chronic spontaneous urticaria and inducible urticaria, planning to efficiently complete current studies and lay the groundwork for future development, which is expected to provide more effective treatment options for patients.
- Former CEO Contributions: Ronald Martell successfully pivoted briquilimab's development towards allergic and immunological diseases during his tenure, establishing a foundation for clinical proof of concept that supports the company's future growth.
See More
Jasper Stock Soars Following Positive Results from New Asthma Study
Briquilimab Study Results: Jasper Therapeutics released preliminary data from the ETESIAN Phase 1b study showing that a single 180mg dose of briquilimab significantly reduced sputum eosinophils and improved lung function indicators in adults with allergic asthma, demonstrating a favorable safety profile.
Eosinophil Reduction: Treatment with briquilimab led to substantial decreases in sputum eosinophil levels before and after allergen challenges, indicating its potential effectiveness in managing allergic asthma symptoms.
BEACON Cohort Investigation: Jasper completed an internal investigation into the lack of clinical response in the BEACON study cohorts, concluding that the unexpected results were likely due to patient selection issues rather than problems with the drug itself.
Stock Performance: Following the positive study results, Jasper Therapeutics' shares increased by 8.72%, reaching $1.87 at the time of publication.
See More
Jasper Reports Positive ETESIAN Study Data for Briquilimab, 180mg Dose Shows Significant Asthma Improvement
- Positive Clinical Data: The ETESIAN study revealed that a single 180mg dose of briquilimab significantly reduced airway hyperresponsiveness and eosinophil levels at both 6 and 12 weeks, indicating its potential in asthma treatment.
- Favorable Safety Profile: Briquilimab demonstrated good tolerability in the study, with no dose-limiting toxicities observed, enhancing its appeal as a new therapeutic option.
- Resolution of Patient Selection Issues: Jasper concluded its internal investigation into the lack of clinical response in the BEACON study, confirming that the issue stemmed from patient selection rather than drug product, ensuring the validity of future studies.
- Promising Future Development: Jasper plans to initiate a Phase 2b study for chronic spontaneous urticaria in mid-2026, leveraging the positive outcomes from the ETESIAN study to further advance briquilimab's development.
See More
Jasper Reports Positive ETESIAN Study Data for Briquilimab, 180mg Dose Shows Significant Asthma Improvement
- Clinical Trial Success: The ETESIAN study demonstrated that a single 180mg dose of Briquilimab significantly reduced airway hyperresponsiveness and sputum eosinophils at both 6 and 12 weeks, indicating its potential in asthma treatment.
- Impressive Efficacy Data: Briquilimab showed improvements in Late Asthmatic Response with FEV1 enhancements of 10.4% at 6 weeks and 8.7% at 12 weeks, highlighting its effectiveness in improving respiratory function in asthma patients.
- Good Safety Profile: The drug exhibited favorable tolerability with no dose-limiting toxicities observed, further enhancing its credibility as a new treatment option for asthma.
- Future Research Plans: Jasper intends to initiate a Phase 2b study in mid-2026 to further validate Briquilimab's efficacy in chronic urticaria patients, demonstrating the company's confidence in the drug's future development.
See More
UBS Initiates Neutral Coverage on Jasper Therapeutics with $1.50 Target
- Coverage Initiation: UBS initiated coverage of Jasper Therapeutics (NASDAQ:JSPR) on March 23, 2026, with a Neutral rating and a $1.50 price target, indicating a cautious outlook due to competitive pressures that may limit upside potential.
- Clinical Data Update: On January 8, 2026, Jasper reported updated data for briquilimab, revealing that 67% of patients achieved a complete response at 12 weeks, while 83% responded by week 3 after the initial dose, highlighting the therapy's promise in chronic spontaneous urticaria (CSU).
- Future Research Plans: The company plans to initiate a Phase 2b study for CSU in the second half of 2026, with BEACON and open-label extension data supporting dose selection, demonstrating positive progress in clinical development.
- Investment Outlook Analysis: While Jasper is viewed as a potential investment, UBS noted that certain AI stocks offer greater upside potential and lower downside risk, reflecting a shift in market preference towards more attractive investment options in the biotech sector.
See More
UBS Initiates Coverage of Jasper Therapeutics Inc with Neutral Rating and $1.50 Price Target
Company Overview: Jaspar Therapeutics is a biopharmaceutical company focused on developing innovative therapies.
Recent Coverage: The company has received neutral ratings in recent analyses, indicating a cautious outlook from analysts.
Target Price: Analysts have set a target price of $1.50 for Jaspar Therapeutics' stock.
Market Position: The neutral rating suggests that while there is potential, there are also risks that investors should consider.
See More
Jasper Appoints Jeet Mahal as CEO, Focuses on Chronic Urticaria Treatment
- Leadership Change: Jasper Therapeutics has appointed Jeet Mahal as CEO, succeeding Ronald Martell, who joined in 2022; Mahal brings over 30 years of life sciences experience and will drive the development of briquilimab, enhancing the company's competitiveness in chronic urticaria.
- Clinical Research Update: Jasper will host an investor webinar on January 8, 2026, to present updated data from the BEACON study and open-label extension studies, aiming to boost investor confidence and increase focus on briquilimab.
- Product Development Strategy: Mahal emphasized briquilimab's potential in chronic spontaneous urticaria and inducible urticaria, planning to efficiently complete current studies and lay the groundwork for future development, which is expected to provide more effective treatment options for patients.
- Former CEO Contributions: Ronald Martell successfully pivoted briquilimab's development towards allergic and immunological diseases during his tenure, establishing a foundation for clinical proof of concept that supports the company's future growth.
See More
Jasper Stock Soars Following Positive Results from New Asthma Study
Briquilimab Study Results: Jasper Therapeutics released preliminary data from the ETESIAN Phase 1b study showing that a single 180mg dose of briquilimab significantly reduced sputum eosinophils and improved lung function indicators in adults with allergic asthma, demonstrating a favorable safety profile.
Eosinophil Reduction: Treatment with briquilimab led to substantial decreases in sputum eosinophil levels before and after allergen challenges, indicating its potential effectiveness in managing allergic asthma symptoms.
BEACON Cohort Investigation: Jasper completed an internal investigation into the lack of clinical response in the BEACON study cohorts, concluding that the unexpected results were likely due to patient selection issues rather than problems with the drug itself.
Stock Performance: Following the positive study results, Jasper Therapeutics' shares increased by 8.72%, reaching $1.87 at the time of publication.
See More
Jasper Reports Positive ETESIAN Study Data for Briquilimab, 180mg Dose Shows Significant Asthma Improvement
- Positive Clinical Data: The ETESIAN study revealed that a single 180mg dose of briquilimab significantly reduced airway hyperresponsiveness and eosinophil levels at both 6 and 12 weeks, indicating its potential in asthma treatment.
- Favorable Safety Profile: Briquilimab demonstrated good tolerability in the study, with no dose-limiting toxicities observed, enhancing its appeal as a new therapeutic option.
- Resolution of Patient Selection Issues: Jasper concluded its internal investigation into the lack of clinical response in the BEACON study, confirming that the issue stemmed from patient selection rather than drug product, ensuring the validity of future studies.
- Promising Future Development: Jasper plans to initiate a Phase 2b study for chronic spontaneous urticaria in mid-2026, leveraging the positive outcomes from the ETESIAN study to further advance briquilimab's development.
See More
Jasper Reports Positive ETESIAN Study Data for Briquilimab, 180mg Dose Shows Significant Asthma Improvement
- Clinical Trial Success: The ETESIAN study demonstrated that a single 180mg dose of Briquilimab significantly reduced airway hyperresponsiveness and sputum eosinophils at both 6 and 12 weeks, indicating its potential in asthma treatment.
- Impressive Efficacy Data: Briquilimab showed improvements in Late Asthmatic Response with FEV1 enhancements of 10.4% at 6 weeks and 8.7% at 12 weeks, highlighting its effectiveness in improving respiratory function in asthma patients.
- Good Safety Profile: The drug exhibited favorable tolerability with no dose-limiting toxicities observed, further enhancing its credibility as a new treatment option for asthma.
- Future Research Plans: Jasper intends to initiate a Phase 2b study in mid-2026 to further validate Briquilimab's efficacy in chronic urticaria patients, demonstrating the company's confidence in the drug's future development.
See More
