US Stock Market Move | The stock price has surged for two consecutive days! ZAI LAB (ZLAB.US) has risen by over 10%.
After yesterday's stock price surge of over 13%, on Friday, Zai Lab (ZLAB.US) experienced another increase of over 10%, reaching $23.03.
After yesterday's stock price surged over 13%, ZAI LAB (ZLAB.US) rose more than 10% again on Friday, closing at $23.03. On the news front, Citigroup published a report stating that ZAI LAB's product revenue improved approximately 11% quarter-on-quarter to about $106 million in the second quarter, which met the expectations of both the bank and the market. This has increased confidence that its business in China could stabilize in the second half of 2026 and, based on management's guidance, achieve significant growth by 2027. The bank has raised its target price for ZAI LAB's U.S. stock from $44 to $45.
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