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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
INCY
INCYTE CORP
$11.86B$52.82$73.9239.94%Buy1211.49%52.77%N/AN/A
HRMY
HARMONY BIOSCIENCES HOLDINGS INC
$1.65B$29.03$37.3328.60%Buy617.13%42.05%N/AN/A
VYGR
VOYAGER THERAPEUTICS INC
$409.97M$7.55$20.50171.52%Strong Buy4-25.11%N/AN/AN/A
AMLX
AMYLYX PHARMACEUTICALS INC
$134.21M$1.98$11.00455.56%Buy5-49.09%142.34%N/AN/A
UTHR
UNITED THERAPEUTICS CORP
$11.15B$236.93$298.0025.78%Strong Buy79.49%8.78%N/AN/A
CORT
CORCEPT THERAPEUTICS INC
$2.35B$22.66$36.0058.87%Strong Buy316.84%29.98%N/AN/A
EXEL
EXELIXIS INC
$6.82B$22.49$27.1720.80%Buy68.37%55.63%N/AN/A
PBYI
PUMA BIOTECHNOLOGY INC
$240.55M$4.99$7.0040.28%Buy10.26%31.88%N/AN/A
MDXG
MIMEDX GROUP INC
$905.26M$6.16$12.67105.63%Strong Buy311.82%25.46%N/AN/A
HALO
HALOZYME THERAPEUTICS INC
$4.80B$37.81$54.1743.26%Buy615.99%48.53%N/AN/A
RPRX
ROYALTY PHARMA PLC
$16.66B$27.89$46.7567.62%Strong Buy411.31%34.87%N/AN/A
ROIV
ROIVANT SCIENCES LTD
$8.35B$10.36$17.1165.16%Strong Buy977.78%N/AN/AN/A
TGTX
TG THERAPEUTICS INC
$2.16B$13.99$30.20115.87%Strong Buy538.43%139.09%N/AN/A
GMAB
GENMAB A
$18.72B$28.33$45.0058.84%Buy421.82%48.09%N/AN/A
MEIP
MEI PHARMA INC
$21.65M$3.25$7.00115.38%Hold1-42.12%N/AN/AN/A
BMRN
BIOMARIN PHARMACEUTICAL INC
$16.99B$90.07$101.3012.47%Buy1012.22%94.71%N/AN/A
BNTX
BIONTECH SE
$20.48B$86.17$114.7133.13%Hold7-10.66%36.84%N/AN/A
VNDA
VANDA PHARMACEUTICALS INC
$285.96M$4.97N/AN/AN/AN/A13.15%102.06%N/AN/A
DBVT
DBV TECHNOLOGIES SA
$127.48M$0.66$10.001,412.86%Buy1166.59%N/AN/AN/A
PLX
PROTALIX BIOTHERAPEUTICS INC
$82.55M$1.13$10.00784.96%Buy1N/AN/AN/AN/A
SPRO
SPERO THERAPEUTICS INC
$79.19M$1.47$7.00376.19%Buy1-31.99%N/AN/AN/A
AVRO
AVROBIO INC
$55.63M$1.24$2.0061.29%Hold1N/AN/AN/AN/A
BNOX
BIONOMICS LIMITED
$11.32M$0.98$8.00716.33%Buy122,893.66%N/A-45,044.89%-33,660.38%
CPRX
CATALYST PHARMACEUTICALS INC
$1.81B$15.34$27.4078.62%Strong Buy516.34%16.52%N/AN/A
CRSP
CRISPR THERAPEUTICS AG
$4.51B$56.16$84.0049.57%Buy1152.20%N/AN/AN/A
KNSA
KINIKSA PHARMACEUTICALS LTD
$1.19B$16.88$25.0048.10%Buy129.61%N/AN/AN/A
TFFP
TFF PHARMACEUTICALS INC
$7.90M$3.14$44.001,303.51%Strong Buy1136.51%N/AN/AN/A
IGMS
IGM BIOSCIENCES INC
$435.61M$7.41$15.67111.43%Buy6250.10%N/AN/AN/A
SEER
SEER INC
$113.35M$1.75N/AN/AN/AN/A39.00%N/AN/AN/A
OCUP
OCUPHIRE PHARMA INC
$41.44M$1.67$20.001,097.60%Strong Buy246.92%N/AN/AN/A
AXSM
AXSOME THERAPEUTICS INC
$3.11B$65.72$126.8092.94%Strong Buy1050.00%N/AN/AN/A
MIRM
MIRUM PHARMACEUTICALS INC
$1.11B$23.57$52.75123.80%Strong Buy846.25%N/AN/AN/A
KRYS
KRYSTAL BIOTECH INC
$4.64B$163.97$182.8011.48%Strong Buy5104.18%52.91%N/AN/A
NVO
NOVO NORDISK A S
$553.60B$122.75$133.008.35%Strong Buy620.70%4.76%N/AN/A
FULC
FULCRUM THERAPEUTICS INC
$437.26M$7.06$13.0084.14%Buy4218.27%N/AN/AN/A
REGN
REGENERON PHARMACEUTICALS INC
$98.13B$893.99$1.00k12.15%Buy167.34%4.84%N/AN/A
AGIO
AGIOS PHARMACEUTICALS INC
$1.65B$29.43$33.3313.26%Hold389.47%N/AN/AN/A
CLGN
COLLPLANT BIOTECHNOLOGIES LTD
$59.78M$5.22$11.00110.73%Buy128.53%N/AN/AN/A
TECH
BIO-TECHNE CORP
$9.78B$62.21$78.4326.07%Strong Buy76.84%29.33%N/AN/A
VYNE
VYNE THERAPEUTICS INC
$32.43M$2.30$5.75150.00%Buy1479.50%N/AN/AN/A
RNA
AVIDITY BIOSCIENCES INC
$1.84B$23.04$44.5093.14%Strong Buy4178.46%N/AN/AN/A
PRTA
PROTHENA CORP PUBLIC LTD CO
$1.11B$20.57$68.14231.27%Buy734.72%N/AN/AN/A
IDYA
IDEAYA BIOSCIENCES INC
$2.80B$37.62$52.1438.60%Strong Buy746.64%N/AN/AN/A
IMMP
IMMUTEP LTD
$261.54M$2.20N/AN/AN/AN/A452.47%N/AN/AN/A
JAZZ
JAZZ PHARMACEUTICALS PLC
$6.81B$109.27$193.0976.71%Strong Buy116.52%64.32%N/AN/A
VTGN
VISTAGEN THERAPEUTICS INC
$127.02M$4.70$13.50187.23%Strong Buy2109.58%N/AN/AN/A
MDWD
MEDIWOUND LTD
$156.68M$16.99$28.0064.80%Buy139.36%N/AN/AN/A
GNFT
GENFIT SA
$178.91M$3.59$11.00206.41%Buy123.22%N/AN/AN/A
ADAG
ADAGENE INC
$116.47M$2.64N/AN/AN/AN/A37.92%N/AN/AN/A
ORMP
ORAMED PHARMACEUTICALS INC
$89.14M$2.20N/AN/AN/AN/AN/AN/AN/AN/A
ARCT
ARCTURUS THERAPEUTICS HOLDINGS INC
$708.41M$26.32$63.25140.31%Strong Buy478.10%N/AN/AN/A
LPCN
LIPOCINE INC
$28.92M$5.44N/AN/AN/AN/AN/AN/A39.93%35.36%
INM
INMED PHARMACEUTICALS INC
$1.82M$0.30N/AN/AN/AN/A78.42%N/A-237.12%-198.52%
KZR
KEZAR LIFE SCIENCES INC
$57.37M$0.79$11.001,295.94%Buy247.18%N/AN/AN/A
ALGS
ALIGOS THERAPEUTICS INC
$60.01M$0.79N/AN/AN/AN/A235.91%N/AN/AN/A
ZLAB
ZAI LAB LTD
$1.41B$14.22$63.21344.51%Strong Buy446.92%N/AN/AN/A
XCUR
EXICURE INC
$5.01M$0.58N/AN/AN/AN/AN/AN/AN/AN/A
GBIO
GENERATION BIO CO
$184.81M$2.78$7.50169.78%Buy216.09%N/AN/AN/A
ANIX
ANIXA BIOSCIENCES INC
$98.89M$3.10$12.00287.10%Buy11,188.83%N/AN/AN/A
SAGE
SAGE THERAPEUTICS INC
$783.49M$13.04$21.4664.60%Hold1149.36%N/AN/AN/A
LEGN
LEGEND BIOTECH CORP
$8.57B$47.12$82.8675.84%Strong Buy785.32%N/AN/AN/A
QURE
UNIQURE NV
$225.32M$4.71$17.80277.92%Buy576.45%N/AN/AN/A
MORF
MORPHIC HOLDING INC
$1.38B$27.51$56.00103.56%Strong Buy2441.99%N/AN/AN/A
GLPG
GALAPAGOS NV
$1.91B$28.91$34.5019.34%Sell26.93%N/AN/AN/A
PTGX
PROTAGONIST THERAPEUTICS INC
$1.47B$25.22$39.0054.64%Strong Buy334.38%N/AN/AN/A
LIFE
ATYR PHARMA INC
$109.76M$1.62$25.501,474.07%Buy2531.56%N/AN/AN/A
BOLT
BOLT BIOTHERAPEUTICS INC
$43.47M$1.14$8.00601.75%Buy1N/AN/AN/AN/A
MRUS
MERUS NV
$2.34B$40.47$61.3351.55%Strong Buy645.96%N/AN/AN/A
SNSE
SENSEI BIOTHERAPEUTICS INC
$24.64M$0.98$4.00306.92%Buy1N/AN/AN/AN/A
ACIU
AC IMMUNE SA
$236.09M$2.38$16.00572.27%Buy189.78%N/AN/AN/A
FATE
FATE THERAPEUTICS INC
$500.16M$5.04$7.1341.37%Hold892.56%N/AN/AN/A
SLGL
SOL-GEL TECHNOLOGIES LTD
$25.07M$0.90$9.00900.00%Buy175.66%N/AN/AN/A
ABIO
ARCA BIOPHARMA INC
$47.13M$3.25N/AN/AN/AN/AN/AN/AN/AN/A
XBIO
XENETIC BIOSCIENCES INC
$6.38M$4.14N/AN/AN/AN/A-6.64%N/AN/AN/A
ARGX
ARGENX SE
$21.22B$358.41$511.6742.76%Strong Buy15339.06%N/AN/AN/A
FUSN
FUSION PHARMACEUTICALS INC
$1.80B$21.25$20.25-4.71%Hold896.93%N/AN/AN/A
NRBO
NEUROBO PHARMACEUTICALS INC
$16.88M$3.44N/AN/AN/AN/AN/AN/AN/AN/A
CDTX
CIDARA THERAPEUTICS INC
$65.29M$0.72$6.00731.02%Buy135.78%N/AN/AN/A
BCYC
BICYCLE THERAPEUTICS PLC
$1.04B$24.49$49.17100.76%Buy614.15%N/AN/AN/A
MRKR
MARKER THERAPEUTICS INC
$36.50M$4.10N/AN/AN/AN/A272.67%N/AN/AN/A
CLNN
CLENE INC
$42.38M$0.33$6.001,718.18%Strong Buy2103.75%N/AN/AN/A
ZVRA
ZEVRA THERAPEUTICS INC
$195.42M$4.50$15.00233.33%Buy192.47%N/AN/AN/A
EDIT
EDITAS MEDICINE INC
$454.07M$5.55$14.00152.25%Buy49.55%N/AN/AN/A
TRAW
TRAWS PHARMA INC
$14.64M$0.70N/AN/AN/AN/AN/AN/AN/AN/A
JANX
JANUX THERAPEUTICS INC
$2.52B$48.85$58.1419.02%Strong Buy7131.99%N/AN/AN/A
VERV
VERVE THERAPEUTICS INC
$556.90M$6.66$37.50463.06%Strong Buy216.20%N/AN/AN/A
ALT
ALTIMMUNE INC
$488.47M$6.89$15.00117.71%Buy3313.34%N/AN/AN/A
ARDX
ARDELYX INC
$1.50B$6.44$13.83114.80%Strong Buy666.03%N/AN/AN/A
EYPT
EYEPOINT PHARMACEUTICALS INC
$872.04M$17.50$37.75115.71%Strong Buy4N/AN/AN/AN/A
RYTM
RHYTHM PHARMACEUTICALS INC
$2.29B$38.11$52.2537.10%Strong Buy464.76%N/AN/AN/A
ZYME
ZYMEWORKS INC
$611.83M$8.67$12.0038.41%Buy225.27%N/AN/AN/A
BGNE
BEIGENE LTD
$13.81B$131.96$244.2585.09%Strong Buy426.07%N/AN/AN/A
PLRX
PLIANT THERAPEUTICS INC
$734.32M$12.19$46.67282.83%Buy345.40%N/AN/AN/A
SRPT
SAREPTA THERAPEUTICS INC
$10.94B$116.55$155.5433.45%Strong Buy1340.58%N/AN/AN/A
SPRY
ARS PHARMACEUTICALS INC
$814.47M$8.44$18.50119.19%Buy21,785.77%N/AN/AN/A
ITOS
ITEOS THERAPEUTICS INC
$370.26M$10.33$33.33222.68%Strong Buy3120.33%N/AN/AN/A
RVMD
REVOLUTION MEDICINES INC
$5.90B$35.83$41.1014.71%Strong Buy1047.70%N/AN/AN/A
VRTX
VERTEX PHARMACEUTICALS INC
$101.64B$393.48$451.7514.81%Buy168.93%2.45%N/AN/A
SPRB
SPRUCE BIOSCIENCES INC
$28.85M$0.70$5.40670.33%Buy584.64%N/AN/AN/A
OCS
OCULIS HOLDING AG
$431.73M$11.78$30.75161.04%Strong Buy4199.71%N/AN/AN/A

Biotech Stocks FAQ

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

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

1. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the top biotech stock with a Zen Score of 75, which is 52 points higher than the biotech industry average of 23. It passed 24 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -28.43% over the past year, underperforming other biotech stocks by -2 percentage points.

Incyte has an average 1 year price target of $73.92, an upside of 39.94% from Incyte's current stock price of $52.82.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Incyte, 25% have issued a Strong Buy rating, 16.67% have issued a Buy, 58.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Harmony Biosciences Holdings (NASDAQ:HRMY)


Harmony Biosciences Holdings (NASDAQ:HRMY) is the second best biotech stock with a Zen Score of 70, which is 47 points higher than the biotech industry average of 23. It passed 23 out of 33 due diligence checks and has strong fundamentals. Harmony Biosciences Holdings has seen its stock lose -12.82% over the past year, overperforming other biotech stocks by 14 percentage points.

Harmony Biosciences Holdings has an average 1 year price target of $37.33, an upside of 28.6% from Harmony Biosciences Holdings's current stock price of $29.03.

Harmony Biosciences Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Harmony Biosciences Holdings, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 16.67% have issued a Sell rating, and 16.67% have issued a Strong Sell.

3. Voyager Therapeutics (NASDAQ:VYGR)


Voyager Therapeutics (NASDAQ:VYGR) is the third best biotech stock with a Zen Score of 66, which is 43 points higher than the biotech industry average of 23. It passed 21 out of 33 due diligence checks and has strong fundamentals. Voyager Therapeutics has seen its stock lose -3.45% over the past year, overperforming other biotech stocks by 23 percentage points.

Voyager Therapeutics has an average 1 year price target of $20.50, an upside of 171.52% from Voyager Therapeutics's current stock price of $7.55.

Voyager Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Voyager Therapeutics, 75% have issued a Strong Buy rating, 25% have issued a Buy, 0% 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 4 biotech stocks that have issued dividends in the past year, the 3 biotech stocks with the highest dividend yields are:

1. Carisma Therapeutics (NASDAQ:CARM)


Carisma Therapeutics (NASDAQ:CARM) has an annual dividend yield of N/A, which is N/A percentage points lower than the biotech industry average of 14.23%.

Carisma Therapeutics's dividend payout ratio of 0% indicates that its dividend yield might not be sustainable for the long-term.

2. Mei Pharma (NASDAQ:MEIP)


Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 53.85%, which is 40 percentage points higher than the biotech industry average of 14.23%.

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

3. Novo Nordisk A S (NYSE:NVO)


Novo Nordisk A S (NYSE:NVO) has an annual dividend yield of 1.12%, which is -13 percentage points lower than the biotech industry average of 14.23%. Novo Nordisk A S's dividend payout is not stable, having dropped more than 10% eight 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 38.1% indicates that its dividend yield is sustainable for the long-term.

Why are biotech stocks down?

Biotech stocks were down -1.46% in the last day, and down -7.8% over the last week. Nrx Pharmaceuticals was the among the top losers in the biotechnology industry, dropping -27.75% yesterday.

NRX Pharmaceuticals shares are trading lower after the company announced the pricing of a $2 million underwritten public offering.

What are the most undervalued biotech stocks?

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

1. Royalty Pharma (NASDAQ:RPRX)


Royalty Pharma (NASDAQ:RPRX) is the most undervalued biotech stock based on WallStreetZen's Valuation Score. Royalty Pharma has a valuation score of 100, which is 85 points higher than the biotech industry average of 15. It passed 7 out of 7 valuation due diligence checks.

Royalty Pharma's stock has dropped -22.29% in the past year. It has overperformed other stocks in the biotech industry by 4 percentage points.

2. Voyager Therapeutics (NASDAQ:VYGR)


Voyager Therapeutics (NASDAQ:VYGR) is the second most undervalued biotech stock based on WallStreetZen's Valuation Score. Voyager Therapeutics has a valuation score of 100, which is 85 points higher than the biotech industry average of 15. It passed 7 out of 7 valuation due diligence checks.

Voyager Therapeutics's stock has dropped -3.45% in the past year. It has overperformed other stocks in the biotech industry by 23 percentage points.

3. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the third most undervalued biotech stock based on WallStreetZen's Valuation Score. Incyte has a valuation score of 86, which is 71 points higher than the biotech industry average of 15. It passed 6 out of 7 valuation due diligence checks.

Incyte's stock has dropped -28.43% in the past year. It has underperformed other stocks in the biotech industry by -2 percentage points.

Are biotech stocks a good buy now?

48.94% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 88.47% 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 15.68x.
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.