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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
EVGN
EVOGENE LTD
$32.88M$0.65N/AN/AN/AN/A519.33%N/A-138.50%-32.67%
DNA
GINKGO BIOWORKS HOLDINGS INC
$1.81B$0.84$2.20160.97%Hold321.73%N/AN/AN/A
AKRO
AKERO THERAPEUTICS INC
$1.17B$20.79$40.6795.61%Buy3N/AN/AN/AN/A
CNTB
CONNECT BIOPHARMA HOLDINGS LTD
$74.39M$1.35$8.00492.59%Buy1N/AN/AN/AN/A
CABA
CABALETTA BIO INC
$642.58M$13.32$34.33157.76%Strong Buy6N/AN/AN/AN/A
ATXS
ASTRIA THERAPEUTICS INC
$538.05M$9.80$21.75121.94%Strong Buy4N/AN/AN/AN/A
BPMC
BLUEPRINT MEDICINES CORP
$5.55B$90.61$89.10-1.67%Buy1044.37%N/AN/AN/A
ACAD
ACADIA PHARMACEUTICALS INC
$2.80B$16.99$30.2077.75%Buy1618.02%N/AN/AN/A
FDMT
4D MOLECULAR THERAPEUTICS INC
$1.31B$26.39$50.7192.17%Strong Buy7-16.91%N/AN/AN/A
TRVI
TREVI THERAPEUTICS INC
$202.74M$2.94$8.50189.12%Buy2N/AN/AN/AN/A
DMAC
DIAMEDICA THERAPEUTICS INC
$95.27M$2.51$7.00178.88%Buy2N/AN/AN/AN/A
LRMR
LARIMAR THERAPEUTICS INC
$408.32M$6.40$20.00212.50%Strong Buy3N/AN/AN/AN/A
OCUL
OCULAR THERAPEUTIX INC
$754.28M$5.08$16.20219.21%Buy536.73%N/AN/AN/A
MNKD
MANNKIND CORP
$1.11B$4.11$7.0070.32%Strong Buy219.90%N/AN/AN/A
FOLD
AMICUS THERAPEUTICS INC
$3.20B$10.82$19.0075.60%Strong Buy428.07%N/AN/AN/A
ADPT
ADAPTIVE BIOTECHNOLOGIES CORP
$364.18M$2.51$6.80170.92%Buy515.88%N/AN/AN/A
RXRX
RECURSION PHARMACEUTICALS INC
$1.78B$7.60$14.3388.59%Buy323.96%N/AN/AN/A
PULM
PULMATRIX INC
$7.36M$2.02N/AN/AN/AN/A26.83%N/AN/AN/A
APLS
APELLIS PHARMACEUTICALS INC
$5.74B$47.64$78.8665.53%Strong Buy1458.26%N/AN/AN/A
PHAR
PHARMING GROUP NV
$665.70M$9.92$37.00272.98%Buy112.71%N/AN/AN/A
CVAC
CUREVAC NV
$566.42M$2.53N/AN/AN/AN/A34.33%N/AN/AN/A
OCGN
OCUGEN INC
$319.08M$1.24$6.00383.87%Strong Buy251.02%N/AN/AN/A
URGN
UROGEN PHARMA LTD
$490.33M$14.37$44.00206.19%Buy248.09%N/AN/AN/A
CLLS
CELLECTIS SA
$146.74M$2.64$6.00127.27%Buy155.61%N/AN/AN/A
MRVI
MARAVAI LIFESCIENCES HOLDINGS INC
$1.85B$7.37$10.8346.99%Strong Buy62.87%N/AN/AN/A
IMRN
IMMURON LTD
$14.82M$2.60N/AN/AN/AN/AN/AN/AN/AN/A
STOK
STOKE THERAPEUTICS INC
$520.92M$11.25$21.6092.00%Buy546.00%N/AN/AN/A
CANF
CAN-FITE BIOPHARMA LTD
$8.08M$1.98$18.00809.09%Buy1N/AN/AN/AN/A
IPHA
INNATE PHARMA SA
$195.10M$2.43$11.50374.23%Buy16.32%N/AN/AN/A
PSTX
POSEIDA THERAPEUTICS INC
$207.93M$2.16$15.00596.06%Strong Buy2-6.30%N/AN/AN/A
HOOK
HOOKIPA PHARMA INC
$69.96M$0.71$5.75713.30%Buy2-20.07%N/AN/AN/A
BLRX
BIOLINERX LTD
$49.29M$0.68$21.003,001.92%Buy199.97%N/AN/AN/A
CRVO
CERVOMED INC
$147.41M$23.89$65.00172.08%Strong Buy121.98%N/AN/AN/A
RPTX
REPARE THERAPEUTICS INC
$137.51M$3.26$10.00206.75%Buy1-23.83%N/AN/AN/A
BRTX
BIORESTORATIVE THERAPIES INC
$9.34M$1.38N/AN/AN/AN/A-6.29%N/AN/AN/A
TCRT
ALAUNOS THERAPEUTICS INC
$17.45M$1.09N/AN/AN/AN/A3,044.87%N/AN/AN/A
AADI
AADI BIOSCIENCE INC
$46.65M$1.90$20.50978.95%Strong Buy232.48%N/AN/AN/A
SILO
SILO PHARMA INC
$5.66M$1.99N/AN/AN/AN/AN/AN/AN/AN/A
RGNX
REGENXBIO INC
$694.85M$15.64$40.38158.15%Strong Buy838.26%N/AN/AN/A
LEXX
LEXARIA BIOSCIENCE CORP
$29.19M$2.27$12.00429.80%Strong Buy1109.85%N/AN/AN/A
ADMA
ADMA BIOLOGICS INC
$1.41B$6.20$8.5037.10%Strong Buy319.74%N/AN/AN/A
NXTC
NEXTCURE INC
$44.92M$1.61$6.00272.67%Buy2N/AN/AN/AN/A
KTTA
PASITHEA THERAPEUTICS CORP
$7.05M$6.76N/AN/AN/AN/AN/AN/AN/AN/A
KURA
KURA ONCOLOGY INC
$1.38B$18.19$31.7574.55%Strong Buy4N/AN/AN/AN/A
ANAB
ANAPTYSBIO INC
$526.16M$19.66$44.63126.98%Buy834.06%N/AN/AN/A
OMGA
OMEGA THERAPEUTICS INC
$131.82M$2.39$10.00318.41%Strong Buy4306.75%N/AN/AN/A
BCAB
BIOATLA INC
$104.85M$2.18$9.50335.78%Buy2N/AN/AN/AN/A
IPSC
CENTURY THERAPEUTICS INC
$197.69M$3.05$15.33402.72%Strong Buy3133.84%N/AN/AN/A
SNDX
SYNDAX PHARMACEUTICALS INC
$1.78B$20.96$34.6765.40%Strong Buy6N/AN/AN/AN/A
LVTX
LAVA THERAPEUTICS NV
$74.92M$2.85$6.00110.53%Buy1-18.81%N/AN/AN/A
ACET
ADICET BIO INC
$164.31M$2.00$11.33466.65%Strong Buy3N/AN/AN/AN/A
EQ
EQUILLIUM INC
$58.17M$1.65$5.00203.03%Buy1-1.66%N/AN/AN/A
DYAI
DYADIC INTERNATIONAL INC
$44.33M$1.53$6.00292.16%Buy1136.33%N/AN/AN/A
LPTX
LEAP THERAPEUTICS INC
$82.18M$3.21$11.38254.36%Strong Buy4N/AN/AN/AN/A
ATHA
ATHIRA PHARMA INC
$80.10M$2.09N/AN/AN/AN/AN/AN/AN/AN/A
ZNTL
ZENTALIS PHARMACEUTICALS INC
$922.48M$13.00$33.75159.62%Strong Buy4N/AN/AN/AN/A
VRCA
VERRICA PHARMACEUTICALS INC
$288.02M$6.79$10.3352.18%Strong Buy3201.97%N/AN/AN/A
ORIC
ORIC PHARMACEUTICALS INC
$587.52M$8.72$20.20131.65%Buy5N/AN/AN/AN/A
CGEM
CULLINAN THERAPEUTICS INC
$673.12M$15.63$28.7583.94%Strong Buy4N/AN/AN/AN/A
AVIR
ATEA PHARMACEUTICALS INC
$308.88M$3.67N/AN/AN/AN/AN/AN/AN/AN/A
ANNX
ANNEXON INC
$409.17M$4.55$16.20256.44%Strong Buy5N/AN/AN/AN/A
CLSD
CLEARSIDE BIOMEDICAL INC
$105.36M$1.41$4.75236.88%Buy458.37%N/AN/AN/A
ACST
ACASTI PHARMA INC
$26.79M$2.85$6.00110.53%Buy1N/AN/AN/AN/A
XENE
XENON PHARMACEUTICALS INC
$3.02B$40.01$59.5048.71%Strong Buy8N/AN/AN/AN/A
CRMD
CORMEDIX INC
$290.30M$5.28$13.00146.21%Strong Buy4N/AN/AN/AN/A
CGON
CG ONCOLOGY INC
$2.23B$33.54$61.7584.11%Strong Buy4630.93%N/AN/AN/A
PCVX
VAXCYTE INC
$6.68B$61.60$96.0055.84%Strong Buy3N/AN/AN/AN/A
BNTC
BENITEC BIOPHARMA INC
$17.42M$6.72$16.00138.10%Buy11,365.21%N/AN/AN/A
LGND
LIGAND PHARMACEUTICALS INC
$1.21B$68.53$119.5074.38%Strong Buy2N/AN/AN/AN/A
GLTO
GALECTO INC
$18.46M$0.68N/AN/AN/AN/AN/AN/AN/AN/A
CBUS
CIBUS INC
$386.11M$16.00$25.0056.25%Buy1180.74%N/AN/AN/A
SABS
SAB BIOTHERAPEUTICS INC
$40.50M$4.39$15.50253.08%Strong Buy2N/AN/AN/AN/A
VRAX
VIRAX BIOLABS GROUP LTD
$1.28M$0.71N/AN/AN/AN/A1,187.73%N/AN/AN/A
ARTL
ARTELO BIOSCIENCES INC
$4.20M$1.30$5.00284.62%Buy1N/AN/AN/AN/A
BDTX
BLACK DIAMOND THERAPEUTICS INC
$259.62M$5.02$14.00178.88%Buy2N/AN/AN/AN/A
PASG
PASSAGE BIO INC
$63.38M$1.14$9.50733.33%Strong Buy2N/AN/AN/AN/A
PRLD
PRELUDE THERAPEUTICS INC
$211.44M$3.85$5.3338.52%Hold3N/AN/AN/AN/A
PCSA
PROCESSA PHARMACEUTICALS INC
$4.37M$1.53$4.00161.44%Buy1N/AN/AN/AN/A
EXAI
EXSCIENTIA PLC
$534.24M$4.25$8.0088.24%Hold2154.52%N/AN/AN/A
NRIX
NURIX THERAPEUTICS INC
$667.47M$13.58$21.3357.09%Buy66.46%N/AN/AN/A
DOMH
DOMINARI HOLDINGS INC
$16.38M$2.76N/AN/AN/AN/AN/AN/AN/AN/A
NKTX
NKARTA INC
$365.19M$7.39$18.80154.40%Strong Buy5N/AN/AN/AN/A
NAUT
NAUTILUS BIOTECHNOLOGY INC
$302.74M$2.42N/AN/AN/AN/AN/AN/AN/AN/A
ABEO
ABEONA THERAPEUTICS INC
$201.33M$7.36N/AN/AN/AN/A189.78%N/AN/AN/A
CNTA
CENTESSA PHARMACEUTICALS PLC
$1.00B$10.00$11.3313.33%Buy3167.40%N/AN/AN/A
VXRT
VAXART INC
$132.48M$0.76$2.00162.47%Strong Buy1111.69%N/AN/AN/A
LTRN
LANTERN PHARMA INC
$61.44M$5.72N/AN/AN/AN/AN/AN/AN/AN/A
PMVP
PMV PHARMACEUTICALS INC
$89.00M$1.73$5.67227.57%Strong Buy3N/AN/AN/AN/A
XBIT
XBIOTECH INC
$242.08M$7.95N/AN/AN/AN/AN/AN/AN/AN/A
LENZ
LENZ THERAPEUTICS INC
$132.20M$15.89$31.3397.19%Strong Buy3N/AN/AN/AN/A
STRO
SUTRO BIOPHARMA INC
$235.41M$3.77$13.14248.62%Strong Buy7-29.78%N/AN/AN/A
TYRA
TYRA BIOSCIENCES INC
$814.08M$15.50$25.5064.52%Buy2N/AN/AN/AN/A
GDTC
CYTOMED THERAPEUTICS LTD
$25.97M$2.25$5.00122.22%Buy1N/AN/AN/AN/A
GPCR
STRUCTURE THERAPEUTICS INC
$1.68B$36.02$83.00130.43%Strong Buy3N/AN/AN/AN/A
ALDX
ALDEYRA THERAPEUTICS INC
$231.46M$3.93$10.00154.45%Buy2N/AN/AN/AN/A
THRD
THIRD HARMONIC BIO INC
$474.32M$11.65N/AN/AN/AN/AN/AN/AN/AN/A
CMPX
COMPASS THERAPEUTICS INC
$205.01M$1.49$9.00504.03%Buy2N/AN/AN/AN/A
VOR
VOR BIOPHARMA INC
$124.07M$1.82$13.50641.76%Buy5N/AN/AN/AN/A
ERAS
ERASCA INC
$280.26M$1.85$7.20289.19%Buy5N/AN/AN/AN/A
EPIX
ESSA PHARMA INC
$283.12M$6.40$17.00165.63%Buy1N/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% over the past year, underperforming other biotech stocks by -8 percentage points.

Incyte has an average 1 year price target of $73.92, an upside of 42.37% from Incyte's current stock price of $51.92.

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 -9.44% over the past year, overperforming other biotech stocks by 13 percentage points.

Harmony Biosciences Holdings has an average 1 year price target of $37.33, an upside of 27.2% from Harmony Biosciences Holdings's current stock price of $29.35.

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 21 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 13.74%.

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 51.93%, which is 38 percentage points higher than the biotech industry average of 13.74%.

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 1.1%, which is -13 percentage points lower than the biotech industry average of 13.74%. 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 up?

Biotech stocks were up 0.85% in the last day, and down -3.62% over the last week. Moolec Science Sa was the among the top gainers in the biotechnology industry, gaining 76.43% yesterday.

Moolec Science shares are trading higher after the company announced that it received USDA approval for plant-grown animal proteins.

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 -22.36% in the past year. It has overperformed other stocks in the biotech industry by 1 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 21 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% in the past year. It has underperformed other stocks in the biotech industry by -8 percentage points.

Are biotech stocks a good buy now?

48.55% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 88.25% 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 16.21x.
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.