WallStreetZenWallStreetZen

Sectors & IndustriesHealthcareBiotechnology
Best Biotech Stocks to Buy Now (2024)
Top biotech stocks in 2024 ranked by overall Zen Score. See the best biotech stocks to buy now, according to analyst forecasts for the biotechnology industry.

Industry: Biotechnology
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
IFRX
INFLARX NV
$81.26M$1.38$8.00479.71%Buy1799.80%N/AN/AN/A
LQDA
LIQUIDIA CORP
$972.40M$12.79$21.6068.88%Buy5118.22%N/AN/AN/A
ATAI
ATAI LIFE SCIENCES NV
$340.35M$2.05$10.50412.20%Strong Buy268.42%N/AN/AN/A
GLMD
GALMED PHARMACEUTICALS LTD
$1.95M$0.39N/AN/AN/AN/AN/AN/AN/AN/A
AUPH
AURINIA PHARMACEUTICALS INC
$729.40M$5.10$10.33102.61%Strong Buy330.55%N/AN/AN/A
BEAM
BEAM THERAPEUTICS INC
$1.89B$23.13$42.2982.82%Buy7-50.54%N/AN/AN/A
CASI
CASI PHARMACEUTICALS INC
$37.39M$2.80$12.00329.34%Buy161.96%N/AN/AN/A
NRBO
NEUROBO PHARMACEUTICALS INC
$18.54M$3.78N/AN/AN/AN/AN/AN/AN/AN/A
BLUE
BLUEBIRD BIO INC
$98.40M$0.90$5.71534.78%Hold8150.43%N/AN/AN/A
HOTH
HOTH THERAPEUTICS INC
$5.33M$1.21$5.50354.55%Strong Buy2N/AN/AN/AN/A
MTEM
MOLECULAR TEMPLATES INC
$8.98M$1.67N/AN/AN/AN/A-47.20%N/AN/AN/A
ARVN
ARVINAS INC
$2.23B$32.82$59.3180.71%Strong Buy1359.11%N/AN/AN/A
MESO
MESOBLAST LTD
$761.10M$7.50N/AN/AN/AN/A54.19%N/AN/AN/A
CRBU
CARIBOU BIOSCIENCES INC
$340.49M$3.77$21.50470.29%Buy2-26.72%N/AN/AN/A
YMAB
Y-MABS THERAPEUTICS INC
$750.78M$17.15$24.3341.88%Strong Buy314.09%N/AN/AN/A
LIFE
ATYR PHARMA INC
$111.11M$1.61$25.501,483.85%Buy2432.78%N/AN/AN/A
CUE
CUE BIOPHARMA INC
$103.61M$2.13$8.00275.59%Strong Buy462.69%N/AN/AN/A
PGEN
PRECIGEN INC
$353.47M$1.42$10.00604.23%Buy2198.74%N/AN/AN/A
CCCC
C4 THERAPEUTICS INC
$462.37M$6.74$9.0033.53%Buy3112.66%N/AN/AN/A
ARDX
ARDELYX INC
$2.04B$8.72$14.6067.43%Strong Buy553.03%N/AN/AN/A
IKNA
IKENA ONCOLOGY INC
$63.70M$1.32$9.50619.70%Buy248.45%N/AN/AN/A
CELZ
CREATIVE MEDICAL TECHNOLOGY HOLDINGS INC
$5.96M$4.40N/AN/AN/AN/A1,601.51%N/AN/AN/A
LYRA
LYRA THERAPEUTICS INC
$245.69M$4.03$11.50185.36%Strong Buy298.72%N/AN/AN/A
QTTB
Q32 BIO INC
$82.65M$25.59$47.5085.62%Strong Buy2341.21%N/AN/AN/A
ALLO
ALLOGENE THERAPEUTICS INC
$519.11M$3.07$8.75185.02%Strong Buy4352.37%N/AN/AN/A
MIST
MILESTONE PHARMACEUTICALS INC
$89.82M$1.69$15.00787.57%Strong Buy2402.59%N/AN/AN/A
PRTC
PURETECH HEALTH PLC
$773.99M$28.47N/AN/AN/AN/A170.78%N/AN/AN/A
XOMA
XOMA CORP
$288.09M$24.78$57.00130.02%Buy289.59%N/AN/AN/A
NTLA
INTELLIA THERAPEUTICS INC
$2.27B$23.60$59.75153.18%Buy845.90%N/AN/AN/A
PLUR
PLURI INC
$29.81M$5.75N/AN/AN/AN/A227.30%N/AN/AN/A
ARQT
ARCUTIS BIOTHERAPEUTICS INC
$774.51M$8.00$13.5068.75%Strong Buy494.05%N/AN/AN/A
DNLI
DENALI THERAPEUTICS INC
$2.39B$17.14$44.67160.60%Strong Buy6-10.36%N/AN/AN/A
LYEL
LYELL IMMUNOPHARMA INC
$599.67M$2.36$6.00154.24%Buy17,592.31%N/A-68.28%-59.63%
SPRC
SCISPARC LTD
$890.42k$1.26N/AN/AN/AN/AN/AN/AN/AN/A
IMNM
IMMUNOME INC
$940.18M$15.75$30.6794.71%Strong Buy345.81%N/AN/AN/A
KROS
KEROS THERAPEUTICS INC
$2.18B$60.57$90.2048.92%Strong Buy5768.53%N/AN/AN/A
GLYC
GLYCOMIMETICS INC
$117.94M$1.83$10.00446.45%Buy21,773.37%N/AN/AN/A
INO
INOVIO PHARMACEUTICALS INC
$282.78M$12.10$21.0073.55%Buy3522.90%N/AN/AN/A
MRNS
MARINUS PHARMACEUTICALS INC
$82.51M$1.51$13.17771.99%Buy670.93%N/AN/AN/A
ABCL
ABCELLERA BIOLOGICS INC
$1.18B$4.03$11.50185.36%Strong Buy2N/AN/AN/AN/A
OVID
OVID THERAPEUTICS INC
$216.37M$3.06$9.25202.29%Strong Buy4307.28%N/AN/AN/A
EDIT
EDITAS MEDICINE INC
$463.88M$5.67$14.00146.91%Buy411.05%N/AN/AN/A
COCP
COCRYSTAL PHARMA INC
$16.58M$1.63$10.00513.50%Buy1N/AN/AN/AN/A
PALI
PALISADE BIO INC
$6.59M$7.74$22.50190.70%Strong Buy1N/AN/AN/AN/A
CRNX
CRINETICS PHARMACEUTICALS INC
$3.28B$47.20$57.8922.65%Strong Buy9174.31%N/AN/AN/A
ALEC
ALECTOR INC
$516.09M$5.39$19.25257.14%Strong Buy413.52%N/AN/AN/A
ALPN
ALPINE IMMUNE SCIENCES INC
$4.23B$64.60$55.86-13.53%Buy7-10.79%N/AN/AN/A
STTK
SHATTUCK LABS INC
$512.60M$10.78$20.0085.53%Buy2292.96%N/AN/AN/A
GERN
GERON CORP
$2.33B$3.93$6.1055.22%Buy5841.22%N/AN/AN/A
GBIO
GENERATION BIO CO
$210.73M$3.17$7.50136.59%Buy216.09%N/AN/AN/A
MGNX
MACROGENICS INC
$978.31M$15.67$21.5637.56%Strong Buy945.96%N/AN/AN/A
PPBT
PURPLE BIOTECH LTD
$10.51M$0.53$10.501,881.13%Strong Buy2N/AN/AN/AN/A
ABSI
ABSCI CORP
$572.95M$5.08$9.2582.09%Strong Buy4110.39%N/AN/AN/A
LUMO
LUMOS PHARMA INC
$24.00M$2.96$22.00643.24%Buy2180.56%N/AN/AN/A
KYMR
KYMERA THERAPEUTICS INC
$2.29B$37.40$43.0014.97%Buy8-2.00%N/AN/AN/A
IMAB
I-MAB
$142.11M$1.76$8.00354.55%Strong Buy3-7.77%N/AN/AN/A
MRNA
MODERNA INC
$47.90B$125.00$117.50-6.00%Buy610.80%N/AN/AN/A
QURE
UNIQURE NV
$224.36M$4.69$17.80279.53%Buy576.45%N/AN/AN/A
CVKD
CADRENAL THERAPEUTICS INC
$7.84M$0.49$3.50614.29%Buy2N/AN/AN/AN/A
SXTP
60 DEGREES PHARMACEUTICALS INC
$2.43M$0.21N/AN/AN/AN/A125.84%N/AN/AN/A
NGNE
NEUROGENE INC
$470.80M$36.63$44.0020.12%Strong Buy3N/AN/AN/AN/A
BPMC
BLUEPRINT MEDICINES CORP
$6.71B$107.19$110.002.62%Buy1039.12%N/AN/AN/A
ATOS
ATOSSA THERAPEUTICS INC
$208.00M$1.66$4.00140.96%Buy1N/AN/AN/AN/A
EVGN
EVOGENE LTD
$35.92M$0.71N/AN/AN/AN/A519.33%N/A-138.50%-32.67%
ELVN
ENLIVEN THERAPEUTICS INC
$936.52M$22.65$34.0050.11%Strong Buy1N/AN/AN/AN/A
DTIL
PRECISION BIOSCIENCES INC
$72.76M$10.52$39.50275.48%Strong Buy2-9.49%N/AN/AN/A
CLDX
CELLDEX THERAPEUTICS INC
$2.38B$42.56$66.0055.08%Strong Buy4-2.54%N/AN/AN/A
DMAC
DIAMEDICA THERAPEUTICS INC
$113.87M$3.00$7.00133.33%Buy2N/AN/AN/AN/A
SVRA
SAVARA INC
$649.99M$4.71$9.2596.60%Strong Buy4N/AN/AN/AN/A
TCRX
TSCAN THERAPEUTICS INC
$409.87M$8.56$11.3332.39%Strong Buy3-4.23%N/AN/AN/A
AVXL
ANAVEX LIFE SCIENCES CORP
$316.13M$3.85$40.00938.96%Buy1N/AN/AN/AN/A
TBPH
THERAVANCE BIOPHARMA INC
$455.64M$9.46$21.00121.99%Strong Buy133.00%N/AN/AN/A
DNTH
DIANTHUS THERAPEUTICS INC
$757.15M$25.80$41.7561.82%Strong Buy4-0.85%N/AN/AN/A
NTBL
NOTABLE LABS LTD
$8.57M$0.95$8.00742.11%Strong Buy224.62%N/AN/AN/A
CRDF
CARDIFF ONCOLOGY INC
$157.43M$3.52$10.50198.30%Strong Buy2-37.60%N/AN/AN/A
TTNP
TITAN PHARMACEUTICALS INC
$6.29M$6.88N/AN/AN/AN/AN/AN/AN/AN/A
MOLN
MOLECULAR PARTNERS AG
$130.76M$3.98$4.5013.07%Hold1-13.73%N/AN/AN/A
LABP
LANDOS BIOPHARMA INC
$69.30M$22.24$20.42-8.16%Hold1N/AN/AN/AN/A
PMCB
PHARMACYTE BIOTECH INC
$17.86M$2.11N/AN/AN/AN/AN/AN/AN/AN/A
FDMT
4D MOLECULAR THERAPEUTICS INC
$1.31B$26.38$53.83104.07%Strong Buy6-16.91%N/AN/AN/A
LSTA
LISATA THERAPEUTICS INC
$23.68M$2.85$15.00426.32%Buy1N/AN/AN/AN/A
TRVI
TREVI THERAPEUTICS INC
$208.26M$3.02$8.50181.46%Buy2N/AN/AN/AN/A
BOLT
BOLT BIOTHERAPEUTICS INC
$41.94M$1.10$8.00627.27%Buy1N/AN/AN/AN/A
ETNB
89BIO INC
$862.08M$9.22$28.20205.86%Buy5N/AN/AN/AN/A
TVTX
TRAVERE THERAPEUTICS INC
$476.38M$6.26$12.2094.89%Buy542.73%N/AN/AN/A
AKRO
AKERO THERAPEUTICS INC
$1.11B$19.66$40.67106.85%Buy3N/AN/AN/AN/A
SNSE
SENSEI BIOTHERAPEUTICS INC
$44.88M$1.79$4.00123.46%Buy1N/AN/AN/AN/A
RIGL
RIGEL PHARMACEUTICALS INC
$210.45M$1.20$5.81384.42%Buy423.54%N/AN/AN/A
ATXS
ASTRIA THERAPEUTICS INC
$524.32M$9.55$21.25122.51%Strong Buy4N/AN/AN/AN/A
DNA
GINKGO BIOWORKS HOLDINGS INC
$2.06B$0.96$2.20130.37%Hold321.73%N/AN/AN/A
TERN
TERNS PHARMACEUTICALS INC
$351.71M$5.44$13.50148.16%Buy5N/AN/AN/AN/A
ABIO
ARCA BIOPHARMA INC
$47.29M$3.26N/AN/AN/AN/AN/AN/AN/AN/A
IOBT
IO BIOTECH INC
$97.50M$1.48$8.00440.54%Buy1N/AN/AN/AN/A
CYCN
CYCLERION THERAPEUTICS INC
$8.01M$2.96N/AN/AN/AN/AN/AN/AN/AN/A
CABA
CABALETTA BIO INC
$597.71M$12.39$34.33177.10%Strong Buy6N/AN/AN/AN/A
RXRX
RECURSION PHARMACEUTICALS INC
$2.07B$8.84$14.3362.14%Buy323.96%N/AN/AN/A
MNKD
MANNKIND CORP
$1.19B$4.39$7.0059.45%Strong Buy219.90%N/AN/AN/A
PHAR
PHARMING GROUP NV
$671.07M$10.00$37.00270.00%Buy112.71%N/AN/AN/A
URGN
UROGEN PHARMA LTD
$487.95M$14.30$44.00207.69%Buy248.09%N/AN/AN/A
ADPT
ADAPTIVE BIOTECHNOLOGIES CORP
$436.73M$3.01$6.0099.34%Strong Buy415.87%N/AN/AN/A

Biotech Stocks FAQ

What are the best biotech stocks to buy right now in May 2024?

According to Zen Score, the 3 best biotechnology stocks to buy right now are:

1. Corcept Therapeutics (NASDAQ:CORT)


Corcept Therapeutics (NASDAQ:CORT) is the top biotech stock with a Zen Score of 65, which is 42 points higher than the biotech industry average of 23. It passed 21 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 6.15% over the past year, overperforming other biotech stocks by 24 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 65.85% from Corcept Therapeutics's current stock price of $24.52.

Corcept Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Corcept Therapeutics, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the second best biotech stock with a Zen Score of 64, which is 41 points higher than the biotech industry average of 23. It passed 20 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -20.99% over the past year, underperforming other biotech stocks by -3 percentage points.

Incyte has an average 1 year price target of $74.92, an upside of 39.37% from Incyte's current stock price of $53.76.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Incyte, 30.77% have issued a Strong Buy rating, 23.08% have issued a Buy, 46.15% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Amylyx Pharmaceuticals (NASDAQ:AMLX)


Amylyx Pharmaceuticals (NASDAQ:AMLX) is the third best biotech stock with a Zen Score of 63, which is 40 points higher than the biotech industry average of 23. It passed 20 out of 33 due diligence checks and has strong fundamentals. Amylyx Pharmaceuticals has seen its stock lose -92.77% over the past year, underperforming other biotech stocks by -74 percentage points.

Amylyx Pharmaceuticals has an average 1 year price target of $11.00, an upside of 441.87% from Amylyx Pharmaceuticals's current stock price of $2.03.

Amylyx Pharmaceuticals stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Amylyx Pharmaceuticals, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the biotech stocks with highest dividends?

Out of 3 biotech stocks that have issued dividends in the past year, the 3 biotech stocks with the highest dividend yields are:

1. Mei Pharma (NASDAQ:MEIP)


Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 57.19%, which is 42 percentage points higher than the biotech industry average of 15.03%.

Mei Pharma's dividend payout ratio of 58.9% indicates that its high dividend yield is sustainable for the long-term.

2. Novo Nordisk A S (NYSE:NVO)


Novo Nordisk A S (NYSE:NVO) has an annual dividend yield of 1.11%, which is -14 percentage points lower than the biotech industry average of 15.03%. Novo Nordisk A S's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Novo Nordisk A S's dividend has shown consistent growth over the last 10 years.

Novo Nordisk A S's dividend payout ratio of 47.8% indicates that its dividend yield is sustainable for the long-term.

3. Bio Techne (NASDAQ:TECH)


Bio Techne (NASDAQ:TECH) has an annual dividend yield of 0.41%, which is -15 percentage points lower than the biotech industry average of 15.03%. Bio Techne's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Bio Techne's dividend has shown consistent growth over the last 10 years.

Bio Techne's dividend payout ratio of 22.7% indicates that its dividend yield is sustainable for the long-term.

Why are biotech stocks up?

Biotech stocks were up 1.07% in the last day, and up 6% over the last week. Ardelyx was the among the top gainers in the biotechnology industry, gaining 28.42% yesterday.

Ardelyx shares are trading higher after the company reported better-than-expected Q1 financial results.

What are the most undervalued biotech stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued biotech stocks right now are:

1. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the most undervalued biotech stock based on WallStreetZen's Valuation Score. Incyte has a valuation score of 86, which is 73 points higher than the biotech industry average of 13. It passed 6 out of 7 valuation due diligence checks.

Incyte's stock has dropped -20.99% in the past year. It has underperformed other stocks in the biotech industry by -3 percentage points.

2. Royalty Pharma (NASDAQ:RPRX)


Royalty Pharma (NASDAQ:RPRX) is the second most undervalued biotech stock based on WallStreetZen's Valuation Score. Royalty Pharma has a valuation score of 86, which is 73 points higher than the biotech industry average of 13. It passed 6 out of 7 valuation due diligence checks.

Royalty Pharma's stock has dropped -19.61% in the past year. It has underperformed other stocks in the biotech industry by -1 percentage points.

3. Amylyx Pharmaceuticals (NASDAQ:AMLX)


Amylyx Pharmaceuticals (NASDAQ:AMLX) is the third most undervalued biotech stock based on WallStreetZen's Valuation Score. Amylyx Pharmaceuticals has a valuation score of 71, which is 58 points higher than the biotech industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Amylyx Pharmaceuticals's stock has dropped -92.77% in the past year. It has underperformed other stocks in the biotech industry by -74 percentage points.

Are biotech stocks a good buy now?

50.1% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 80.46% over the next year.

What is the average p/e ratio of the biotechnology industry?

The average P/E ratio of the biotechnology industry is 6.05x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.