Janux TherapeuticsNASDAQ: JANX

Investors seeking an adrenaline rush can easily experience it by investing in biotech stocks. There is an exciting element in investing in a company that is making critical decisions with life-saving drugs.

Janux (JANX) stock rises after reports suggest the company is considering a potential sale due to interest from major pharmaceutical companies.

Janux Therapeutics (JANX) is a promising choice for investors seeking stocks that are likely to continue their recent upward momentum, as it is among the stocks that have met our criteria for "Recent Price Strength."

Janux Therapeutics saw an increase in its stock price this week following reports that the company is considering a potential sale. The company has not confirmed or denied any ongoing acquisition talks.

Analysts' price targets for Janux Therapeutics (JANX) suggest a 40.3% potential increase in the stock. Although this widely-used measure may not always be accurate, the consensus among analysts in raising earnings estimates does indicate a positive outlook for the stock.

According to a media report, the biotech company is exploring the possibility of selling itself and has received buyout offers from pharmaceutical companies.

Janux Therapeutics (JANX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Janux Therapeutics (JANX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

The mean of analysts' price targets for Janux Therapeutics (JANX) points to a 57.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.