ZLAB Price Prediction Next Week
Analysis and Insights
News and Analyst Sentiment:
Zai Lab (ZLAB) has received positive analyst sentiment recently, with JPMorgan raising its price target from $44 to $51 and maintaining an Overweight rating. Scotiabank also initiated coverage with an Outperform rating and a $55 price target. The average analyst price target is $54.03, indicating a strong buy consensus.
Technical Analysis:
The stock is currently trading at $35.40, with a 52-week high of $39.61. The RSI_14 is at 53.18, indicating the stock is not overbought. The MACD is positive, suggesting upward momentum. Fibonacci resistance levels are at 38.88 and 40.13, with support at 33.59.
Price Prediction:
Based on the positive analyst sentiment, strong fundamentals, and technical indicators, the stock is expected to reach $38.88 in the next trading week.
Recommendation:
Buy Zai Lab (ZLAB) with a target price of $38.88.
ZLAB Similar Chart Price Prediction
The price of ZLAB is predicted to go up 5.51%, based on the high correlation periods with PAGS. The similarity of these two price pattern on the periods is 97.63%.
ZLAB
PAGS
Up: 5.51%Similarity: 97.63%
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ZLAB Analyst's Forecast
Anupam Rama
JP Morgan
Buy
2025-03-13
Price Target
$44 → $51
Upside
+41.12%
JPMorgan raised the firm's price target on Zai Lab to $51 from $44 and keeps an Overweight rating on the shares. The firm updated models in the small-cap biotechnology space.
Louise Chen
Scotiabank
Buy
2025-03-07
Price Target
$55
Upside
+51.02%
