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Barclays initiates coverage on Phathom Pharmaceuticals (PHAT) with an Equal-Weight rating and a price target of $16.00 USD. The firm's product, vonoprazan, is an oral small-molecule potassium competitive acid blocker medicine for gastrointestinal diseases. Analysts forecast an average price target of $22.50 USD with a high estimate of $29.00 and a low estimate of $12.00, indicating a potential upside of 53.79% from the current price of $14.63.

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