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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
MREO
MEREO BIOPHARMA GROUP PLC
$389.92M$2.78$6.50133.81%Strong Buy2999.90%N/AN/AN/A
OCS
OCULIS HOLDING AG
$439.06M$11.98$30.50154.59%Strong Buy4199.71%N/AN/AN/A
VCYT
VERACYTE INC
$1.49B$19.90$27.3337.35%Hold310.33%N/AN/AN/A
STTK
SHATTUCK LABS INC
$470.00M$9.90$20.00102.02%Buy2363.27%N/AN/AN/A
CRNX
CRINETICS PHARMACEUTICALS INC
$3.01B$43.32$57.8933.63%Strong Buy9174.31%N/AN/AN/A
IMCR
IMMUNOCORE HOLDINGS PLC
$2.91B$58.47$82.1340.46%Strong Buy812.02%N/AN/AN/A
VRDN
VIRIDIAN THERAPEUTICS INC
$817.86M$13.03$34.43164.23%Buy7504.64%N/AN/AN/A
IFRX
INFLARX NV
$80.08M$1.36$13.50892.65%Strong Buy2799.80%N/AN/AN/A
APRE
APREA THERAPEUTICS INC
$28.07M$5.17$15.50199.81%Buy20.95%N/AN/AN/A
KRRO
KORRO BIO INC
$505.30M$62.99$126.25100.43%Strong Buy4N/AN/AN/AN/A
QSI
QUANTUM-SI INC
$236.76M$1.67$4.00139.52%Buy1182.41%N/AN/AN/A
PRTC
PURETECH HEALTH PLC
$765.50M$27.48N/AN/AN/AN/A32.38%N/AN/AN/A
IMTX
IMMATICS NV
$859.28M$10.15N/AN/AN/AN/A13.76%N/AN/AN/A
CMRX
CHIMERIX INC
$80.82M$0.91$11.001,114.13%Buy1470.51%N/AN/AN/A
LQDA
LIQUIDIA CORP
$954.15M$12.55$21.6072.11%Buy5118.22%N/AN/AN/A
ATAI
ATAI LIFE SCIENCES NV
$310.47M$1.87$10.50461.50%Strong Buy268.42%N/AN/AN/A
BLUE
BLUEBIRD BIO INC
$100.92M$0.92$5.71518.96%Hold8150.43%N/AN/AN/A
MOLN
MOLECULAR PARTNERS AG
$127.47M$3.88$4.5015.98%Hold1-4.56%N/AN/AN/A
MESO
MESOBLAST LTD
$631.21M$6.22N/AN/AN/AN/A54.19%N/AN/AN/A
DNTH
DIANTHUS THERAPEUTICS INC
$625.67M$21.32$41.7595.83%Strong Buy4-0.85%N/AN/AN/A
QNCX
QUINCE THERAPEUTICS INC
$45.81M$1.06N/AN/AN/AN/AN/AN/AN/AN/A
AUPH
AURINIA PHARMACEUTICALS INC
$727.43M$5.03$10.33105.43%Strong Buy334.38%N/AN/AN/A
GLMD
GALMED PHARMACEUTICALS LTD
$2.02M$0.40N/AN/AN/AN/AN/AN/AN/AN/A
MTEM
MOLECULAR TEMPLATES INC
$8.81M$1.64N/AN/AN/AN/A-47.20%N/AN/AN/A
HOTH
HOTH THERAPEUTICS INC
$5.15M$1.17$5.50370.09%Strong Buy2N/AN/AN/AN/A
CYCN
CYCLERION THERAPEUTICS INC
$7.51M$2.77N/AN/AN/AN/AN/AN/AN/AN/A
CASI
CASI PHARMACEUTICALS INC
$32.64M$2.44$12.00391.80%Buy161.96%N/AN/AN/A
ARVN
ARVINAS INC
$2.22B$32.54$59.3182.26%Strong Buy1358.19%N/AN/AN/A
CRBU
CARIBOU BIOSCIENCES INC
$347.71M$3.85$21.50458.44%Buy2-26.72%N/AN/AN/A
BEAM
BEAM THERAPEUTICS INC
$1.86B$22.74$42.2985.95%Buy7-50.54%N/AN/AN/A
ABSI
ABSCI CORP
$510.91M$4.53$9.25104.19%Strong Buy4110.39%N/AN/AN/A
YMAB
Y-MABS THERAPEUTICS INC
$669.35M$15.29$24.3359.14%Strong Buy314.09%N/AN/AN/A
NTLA
INTELLIA THERAPEUTICS INC
$2.03B$21.17$59.75182.24%Buy845.90%N/AN/AN/A
KROS
KEROS THERAPEUTICS INC
$2.02B$56.24$90.2060.38%Strong Buy5768.53%N/AN/AN/A
CELZ
CREATIVE MEDICAL TECHNOLOGY HOLDINGS INC
$6.53M$4.81N/AN/AN/AN/A1,601.51%N/AN/AN/A
CCCC
C4 THERAPEUTICS INC
$443.85M$6.47$10.0054.56%Buy5112.66%N/AN/AN/A
XOMA
XOMA CORP
$298.09M$25.64$74.00188.61%Buy173.97%N/AN/AN/A
INO
INOVIO PHARMACEUTICALS INC
$237.44M$10.16$21.00106.69%Buy3522.90%N/AN/AN/A
SPRC
SCISPARC LTD
$1.33M$1.21N/AN/AN/AN/AN/AN/AN/AN/A
PGEN
PRECIGEN INC
$353.47M$1.42$10.00604.23%Buy2198.74%N/AN/AN/A
GTHX
G1 THERAPEUTICS INC
$208.28M$3.99$8.00100.50%Buy220.21%N/AN/AN/A
SWTX
SPRINGWORKS THERAPEUTICS INC
$3.20B$43.38$66.6053.53%Strong Buy5342.35%N/AN/AN/A
GLYC
GLYCOMIMETICS INC
$119.56M$1.86$10.00439.08%Buy21,575.56%N/AN/AN/A
IKNA
IKENA ONCOLOGY INC
$62.25M$1.29$9.50636.43%Buy248.45%N/AN/AN/A
ALLO
ALLOGENE THERAPEUTICS INC
$514.04M$3.04$8.75187.83%Strong Buy4352.37%N/AN/AN/A
QTTB
Q32 BIO INC
$85.88M$26.59$47.5078.64%Strong Buy2341.21%N/AN/AN/A
IMNM
IMMUNOME INC
$851.84M$14.27$34.00138.26%Strong Buy245.81%N/AN/AN/A
MRNA
MODERNA INC
$41.59B$108.85$127.1416.81%Buy71.67%N/AN/AN/A
CUE
CUE BIOPHARMA INC
$69.07M$1.42$8.00463.38%Strong Buy462.69%N/AN/AN/A
PLUR
PLURI INC
$26.39M$5.09N/AN/AN/AN/A227.30%N/AN/AN/A
ABCL
ABCELLERA BIOLOGICS INC
$1.14B$3.90$11.50194.87%Strong Buy2N/AN/AN/AN/A
TARS
TARSUS PHARMACEUTICALS INC
$1.12B$32.76$48.0046.52%Buy5165.79%N/AN/AN/A
DNLI
DENALI THERAPEUTICS INC
$2.17B$15.56$44.67187.06%Strong Buy6-10.36%N/AN/AN/A
SRPT
SAREPTA THERAPEUTICS INC
$11.66B$124.25$155.5425.18%Strong Buy1334.48%N/AN/AN/A
LYEL
LYELL IMMUNOPHARMA INC
$584.42M$2.30$6.00160.87%Buy17,592.31%N/A-68.28%-59.63%
ARQT
ARCUTIS BIOTHERAPEUTICS INC
$847.12M$8.75$13.5054.29%Strong Buy494.05%N/AN/AN/A
MRNS
MARINUS PHARMACEUTICALS INC
$78.69M$1.44$13.17814.38%Buy670.93%N/AN/AN/A
MIST
MILESTONE PHARMACEUTICALS INC
$88.23M$1.66$15.00803.61%Strong Buy2402.59%N/AN/AN/A
COCP
COCRYSTAL PHARMA INC
$15.83M$1.56$10.00542.67%Buy1N/AN/AN/AN/A
CVKD
CADRENAL THERAPEUTICS INC
$6.85M$0.43$3.50717.76%Buy2N/AN/AN/AN/A
MGNX
MACROGENICS INC
$980.18M$15.70$21.5637.30%Strong Buy955.32%N/AN/AN/A
LXRX
LEXICON PHARMACEUTICALS INC
$393.98M$1.60N/AN/AN/AN/A451.87%N/AN/AN/A
LUMO
LUMOS PHARMA INC
$22.66M$2.80$22.00687.12%Buy2180.56%N/AN/AN/A
INVA
INNOVIVA INC
$958.53M$15.16N/AN/AN/AN/AN/AN/A4.87%2.64%
SXTP
60 DEGREES PHARMACEUTICALS INC
$2.80M$0.24N/AN/AN/AN/A125.84%N/AN/AN/A
PALI
PALISADE BIO INC
$5.41M$6.35$22.50254.33%Strong Buy1N/AN/AN/AN/A
NGNE
NEUROGENE INC
$388.55M$30.23$43.0042.24%Strong Buy2N/AN/AN/AN/A
SLRN
ACELYRIN INC
$449.53M$4.57$14.80223.85%Buy5N/AN/AN/AN/A
ALPN
ALPINE IMMUNE SCIENCES INC
$4.23B$64.57$55.86-13.49%Buy7-10.79%N/AN/AN/A
NAUT
NAUTILUS BIOTECHNOLOGY INC
$300.24M$2.40N/AN/AN/AN/AN/AN/AN/AN/A
KRON
KRONOS BIO INC
$57.69M$0.96$4.25342.71%Strong Buy2-17.74%N/AN/AN/A
ABEO
ABEONA THERAPEUTICS INC
$86.72M$3.17$36.001,035.65%Strong Buy1189.78%N/AN/AN/A
ALEC
ALECTOR INC
$502.68M$5.25$19.25266.67%Strong Buy413.52%N/AN/AN/A
OVID
OVID THERAPEUTICS INC
$222.74M$3.15$9.50201.59%Strong Buy2274.95%N/AN/AN/A
PPBT
PURPLE BIOTECH LTD
$10.18M$0.51$10.501,946.78%Strong Buy2N/AN/AN/AN/A
KYMR
KYMERA THERAPEUTICS INC
$2.15B$35.21$41.6718.34%Buy9-1.66%N/AN/AN/A
LYRA
LYRA THERAPEUTICS INC
$312.46M$5.23$11.50119.89%Strong Buy2105.73%N/AN/AN/A
VIR
VIR BIOTECHNOLOGY INC
$1.09B$8.04$45.00459.70%Buy3-5.58%N/AN/AN/A
ANAB
ANAPTYSBIO INC
$515.72M$19.27$44.63131.58%Buy834.06%N/AN/AN/A
CRDF
CARDIFF ONCOLOGY INC
$186.75M$4.18$10.50151.20%Strong Buy2-32.79%N/AN/AN/A
RLAY
RELAY THERAPEUTICS INC
$832.99M$6.35$23.50270.08%Strong Buy2-9.41%N/AN/AN/A
TVTX
TRAVERE THERAPEUTICS INC
$414.74M$5.45$12.20123.85%Buy543.27%N/AN/AN/A
LSTA
LISATA THERAPEUTICS INC
$23.51M$2.83$15.00430.04%Buy1N/AN/AN/AN/A
VRNA
VERONA PHARMA PLC
$1.23B$15.24$33.67120.91%Strong Buy3N/AN/AN/AN/A
AVXL
ANAVEX LIFE SCIENCES CORP
$280.00M$3.41$40.001,073.02%Buy1N/AN/AN/AN/A
ATXS
ASTRIA THERAPEUTICS INC
$494.13M$9.00$21.25136.11%Strong Buy4N/AN/AN/AN/A
CLDX
CELLDEX THERAPEUTICS INC
$2.07B$37.02$66.0078.28%Strong Buy4-2.54%N/AN/AN/A
TRVI
TREVI THERAPEUTICS INC
$182.74M$2.65$8.50220.75%Buy2N/AN/AN/AN/A
ATOS
ATOSSA THERAPEUTICS INC
$187.96M$1.50$4.00166.67%Buy1N/AN/AN/AN/A
RIGL
RIGEL PHARMACEUTICALS INC
$197.30M$1.13$5.81416.71%Buy423.54%N/AN/AN/A
ELVN
ENLIVEN THERAPEUTICS INC
$723.17M$17.49$34.0094.40%Strong Buy1N/AN/AN/AN/A
DTIL
PRECISION BIOSCIENCES INC
$67.92M$9.82$60.00511.00%Buy1-9.49%N/AN/AN/A
LABP
LANDOS BIOPHARMA INC
$69.13M$22.18$20.42-7.94%Hold1N/AN/AN/AN/A
IOBT
IO BIOTECH INC
$96.19M$1.46$8.00447.95%Buy1N/AN/AN/AN/A
TCRX
TSCAN THERAPEUTICS INC
$353.37M$7.38$11.3353.56%Strong Buy3-4.23%N/AN/AN/A
VCEL
VERICEL CORP
$2.23B$46.11$53.5016.03%Strong Buy226.40%N/AN/AN/A
DNA
GINKGO BIOWORKS HOLDINGS INC
$1.82B$0.85$2.20160.05%Hold321.73%N/AN/AN/A
HOWL
WEREWOLF THERAPEUTICS INC
$273.09M$6.39$13.50111.27%Buy229.76%N/AN/AN/A
ETNB
89BIO INC
$802.24M$8.58$28.20228.67%Buy5N/AN/AN/AN/A
TERN
TERNS PHARMACEUTICALS INC
$307.10M$4.75$13.50184.21%Buy5N/AN/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 -31.24% over the past year, underperforming other biotech stocks by -7 percentage points.

Incyte has an average 1 year price target of $74.69, an upside of 44.36% from Incyte's current stock price of $51.74.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Incyte, 23.08% have issued a Strong Buy rating, 23.08% have issued a Buy, 53.85% 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 -9.81% 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 27.72% from Harmony Biosciences Holdings's current stock price of $29.23.

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 -1.69% over the past year, overperforming other biotech stocks by 22 percentage points.

Voyager Therapeutics has an average 1 year price target of $20.50, an upside of 170.81% from Voyager Therapeutics's current stock price of $7.57.

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 14.18%.

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 53.68%, which is 40 percentage points higher than the biotech industry average of 14.18%.

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 1.09%, which is -13 percentage points lower than the biotech industry average of 14.18%. 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 38.1% indicates that its dividend yield is sustainable for the long-term.

Why are biotech stocks down?

Biotech stocks were down -0.75% in the last day, and down -1% over the last week. Avenue Therapeutics was the among the top losers in the biotechnology industry, dropping -29.85% yesterday.

Avenue Therapeutics shares are trading lower after the company announced a reverse stock split.

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 -21.91% in the past year. It has overperformed other stocks in the biotech industry by 2 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 -1.69% in the past year. It has overperformed other stocks in the biotech industry by 22 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 -31.24% in the past year. It has underperformed other stocks in the biotech industry by -7 percentage points.

Are biotech stocks a good buy now?

49.32% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 88.37% 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 15.69x.
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.