Piper Sandler Increases Target Price for Travere Therapeutics (TVTX)

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Piper Sandler has increased its price target for Travere Therapeutics (TVTX) from $35 to $38, maintaining a Neutral rating, leading to an adjusted upside potential of almost 40%. This adjustment follows the company’s strong fourth-quarter earnings, where it reported $126.6 million in U.S. net product sales and a net income of $2.7 million for the quarter, largely driven by FILSPARI sales growth. Travere Therapeutics focuses on developing therapies for rare kidney and metabolic diseases.

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