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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
ADIL
ADIAL PHARMACEUTICALS INC
$7.01M$1.73N/AN/AN/AN/AN/AN/AN/AN/A
ACLX
ARCELLX INC
$2.71B$51.38$79.3354.40%Strong Buy94.24%N/AN/AN/A
ACRV
ACRIVON THERAPEUTICS INC
$191.73M$8.47$19.80133.77%Strong Buy5N/AN/AN/AN/A
AEZS
AETERNA ZENTARIS INC
$9.52M$1.96$15.00665.31%Buy1N/AN/AN/AN/A
ANTX
AN2 THERAPEUTICS INC
$67.88M$2.28$6.50185.09%Buy2N/AN/AN/AN/A
AVTE
AEROVATE THERAPEUTICS INC
$601.00M$21.57$50.00131.80%Strong Buy2N/AN/AN/AN/A
ENTA
ENANTA PHARMACEUTICALS INC
$264.03M$12.48$20.7566.27%Hold41.61%N/AN/AN/A
CTXR
CITIUS PHARMACEUTICALS INC
$116.62M$0.73$4.00445.70%Buy1N/AN/AN/AN/A
DAWN
DAY ONE BIOPHARMACEUTICALS INC
$1.15B$13.21$39.67200.28%Strong Buy6N/AN/AN/AN/A
CYTO
ALTAMIRA THERAPEUTICS LTD
$2.36M$1.60N/AN/AN/AN/AN/AN/AN/AN/A
GLUE
MONTE ROSA THERAPEUTICS INC
$273.34M$5.45$11.00101.83%Buy1N/AN/AN/AN/A
GRTS
GRITSTONE BIO INC
$74.92M$0.76$6.00685.34%Buy273.24%N/AN/AN/A
IGC
IGC PHARMA INC
$27.41M$0.43N/AN/AN/AN/AN/AN/AN/AN/A
IONS
IONIS PHARMACEUTICALS INC
$6.10B$41.84$56.7835.70%Buy910.52%N/AN/AN/A
NKTR
NEKTAR THERAPEUTICS
$242.38M$1.32$1.00-24.24%Hold1-12.51%N/AN/AN/A
JSPR
JASPER THERAPEUTICS INC
$319.05M$21.18$71.67238.37%Buy3N/AN/AN/AN/A
LIPO
LIPELLA PHARMACEUTICALS INC
$4.43M$0.71$2.00182.09%Strong Buy1N/AN/AN/AN/A
TENX
TENAX THERAPEUTICS INC
$7.05M$3.60$30.00733.33%Strong Buy1N/AN/AN/AN/A
TCON
TRACON PHARMACEUTICALS INC
$4.07M$1.79$60.003,251.96%Buy150.59%N/AN/AN/A
SONN
SONNET BIOTHERAPEUTICS HOLDINGS INC
$5.40M$1.76$18.50951.14%Strong Buy2N/AN/AN/AN/A
UBX
UNITY BIOTECHNOLOGY INC
$24.84M$1.48$9.00508.11%Buy2N/AN/AN/AN/A
OBIO
ORCHESTRA BIOMED HOLDINGS INC
$158.85M$4.44$17.00282.88%Strong Buy23.21%N/AN/AN/A
VBIV
VBI VACCINES INC
$17.03M$0.60N/AN/AN/AN/A88.33%N/AN/AN/A
VALN
VALNEVA SE
$524.39M$7.55$21.50184.77%Strong Buy230.41%N/AN/AN/A
VKTX
VIKING THERAPEUTICS INC
$7.59B$68.86$112.2563.01%Strong Buy8N/AN/AN/AN/A
TRDA
ENTRADA THERAPEUTICS INC
$415.31M$12.36$21.0069.90%Buy2-38.20%N/AN/AN/A
TCBP
TC BIOPHARM (HOLDINGS) PLC
$5.02M$1.57N/AN/AN/AN/AN/AN/AN/AN/A
ABUS
ARBUTUS BIOPHARMA CORP
$488.22M$2.72$4.3359.30%Strong Buy3-15.54%N/AN/AN/A
NUVL
NUVALENT INC
$4.23B$66.07$101.8354.13%Strong Buy6N/AN/AN/AN/A
PYXS
PYXIS ONCOLOGY INC
$249.97M$4.30$8.5097.67%Strong Buy4N/AN/AN/AN/A
IKT
INHIBIKASE THERAPEUTICS INC
$12.31M$1.90$27.001,321.05%Buy1N/AN/AN/AN/A
GANX
GAIN THERAPEUTICS INC
$49.79M$3.07$8.00160.59%Strong Buy336.39%N/AN/AN/A
MRSN
MERSANA THERAPEUTICS INC
$345.71M$2.85$6.33122.21%Buy6-10.62%N/AN/AN/A
XNCR
XENCOR INC
$1.18B$19.23$35.1482.75%Strong Buy7-12.48%N/AN/AN/A
ASND
ASCENDIS PHARMA A
$7.90B$136.93$181.8632.81%Strong Buy761.02%N/AN/AN/A
LGVN
LONGEVERON INC
$4.20M$1.67$60.003,492.81%Buy1157.25%N/AN/AN/A
SEEL
SEELOS THERAPEUTICS INC
$3.91M$0.29N/AN/AN/AN/A461.00%N/AN/AN/A
MOR
MORPHOSYS AG
$2.73B$18.13$12.13-33.12%Buy428.17%N/AN/AN/A
FENC
FENNEC PHARMACEUTICALS INC
$248.24M$9.16$18.0096.51%Buy265.54%N/AN/AN/A
SGMO
SANGAMO THERAPEUTICS INC
$89.99M$0.50$2.67430.22%Hold3-21.89%N/AN/AN/A
GERN
GERON CORP
$1.94B$3.56$5.3349.80%Strong Buy31,123.05%N/AN/AN/A
FNCH
FINCH THERAPEUTICS GROUP INC
$3.60M$2.24N/AN/AN/AN/A1,080.98%N/AN/AN/A
TNXP
TONIX PHARMACEUTICALS HOLDING CORP
$13.52M$0.16$3.001,775.00%Strong Buy1167.40%N/AN/AN/A
EYEN
EYENOVIA INC
$33.69M$0.71$12.001,587.76%Buy11,927.45%N/AN/AN/A
PYPD
POLYPID LTD
$7.95M$4.81N/AN/AN/AN/AN/AN/AN/AN/A
BTAI
BIOXCEL THERAPEUTICS INC
$79.81M$2.61$7.00168.20%Strong Buy4199.96%N/AN/AN/A
PEPG
PEPGEN INC
$378.55M$11.70$20.0070.94%Buy1N/AN/AN/AN/A
GLSI
GREENWICH LIFESCIENCES INC
$158.92M$12.34$36.00191.73%Buy1N/AN/AN/AN/A
ENLV
ENLIVEX THERAPEUTICS LTD
$26.97M$1.45$7.00382.76%Buy1N/AN/AN/AN/A
ONCY
ONCOLYTICS BIOTECH INC
$80.38M$1.08$4.00270.37%Buy2N/AN/AN/AN/A
GTBP
GT BIOPHARMA INC
$5.18M$3.75N/AN/AN/AN/AN/AN/AN/AN/A
KPTI
KARYOPHARM THERAPEUTICS INC
$121.97M$1.06$5.33403.11%Strong Buy318.45%N/AN/AN/A
VIRI
VIRIOS THERAPEUTICS INC
$8.78M$0.46N/AN/AN/AN/AN/AN/AN/AN/A
NERV
MINERVA NEUROSCIENCES INC
$16.99M$2.43$11.00352.67%Hold1N/AN/AN/AN/A
SLDB
SOLID BIOSCIENCES INC
$322.44M$8.54$20.33138.09%Strong Buy6N/AN/AN/AN/A
APGE
APOGEE THERAPEUTICS INC
$2.32B$45.86$69.6751.91%Strong Buy3N/AN/AN/AN/A
TNYA
TENAYA THERAPEUTICS INC
$331.34M$4.22$15.75273.22%Strong Buy4N/AN/AN/AN/A
VIRX
VIRACTA THERAPEUTICS INC
$33.26M$0.85$7.67805.19%Buy3N/AN/AN/AN/A
MLYS
MINERALYS THERAPEUTICS INC
$547.93M$11.04$30.00171.74%Strong Buy1N/AN/AN/AN/A
GNPX
GENPREX INC
$4.05M$2.12$10.00371.70%Buy1N/AN/AN/AN/A
RPHM
RENEO PHARMACEUTICALS INC
$55.14M$1.65$1.43-13.15%Hold3N/AN/AN/AN/A
SCPX
SCORPIUS HOLDINGS INC
$4.25M$0.16N/AN/AN/AN/A246.35%N/AN/AN/A
FWBI
FIRST WAVE BIOPHARMA INC
$5.53M$2.73$36.001,218.68%Strong Buy1N/AN/AN/AN/A
VTYX
VENTYX BIOSCIENCES INC
$240.56M$4.06$9.33129.88%Buy6N/AN/AN/AN/A
TLSA
TIZIANA LIFE SCIENCES LTD
$86.01M$0.84N/AN/AN/AN/AN/AN/A-167.22%-123.61%
MGTX
MEIRAGTX HOLDINGS PLC
$302.46M$4.71$11.00133.55%Buy1N/AN/AN/AN/A
ALLK
ALLAKOS INC
$88.75M$1.01$1.8381.49%Hold3N/AN/AN/AN/A
ENVB
ENVERIC BIOSCIENCES INC
$6.56M$0.90$10.001,011.11%Buy1N/AN/AN/AN/A
THAR
THARIMMUNE INC
$4.24M$0.36N/AN/AN/AN/AN/AN/AN/AN/A
AZTR
AZITRA INC
$6.34M$0.22N/AN/AN/AN/AN/AN/AN/AN/A
CYCC
CYCLACEL PHARMACEUTICALS INC
$2.11M$1.60$21.001,212.50%Strong Buy1549.49%N/AN/AN/A
RVNC
REVANCE THERAPEUTICS INC
$290.22M$3.29$13.43308.18%Buy730.24%N/AN/AN/A
SLN
SILENCE THERAPEUTICS PLC
$855.63M$21.62$57.25164.80%Strong Buy46.79%N/AN/AN/A
CAPR
CAPRICOR THERAPEUTICS INC
$161.71M$5.15$24.00366.02%Strong Buy27.75%N/AN/AN/A
XFOR
X4 PHARMACEUTICALS INC
$189.77M$1.13$2.0076.99%Buy2N/AN/AN/AN/A
CMMB
CHEMOMAB THERAPEUTICS LTD
$9.36M$0.66$7.00962.22%Strong Buy1N/AN/A-8,022.91%-6,156.18%
XTLB
XTL BIOPHARMACEUTICALS LTD
$13.08M$2.40N/AN/AN/AN/AN/AN/AN/AN/A
PHVS
PHARVARIS NV
$1.19B$22.77$32.5042.73%Buy4N/AN/AN/AN/A
APLT
APPLIED THERAPEUTICS INC
$447.90M$4.23$11.00160.05%Strong Buy4102.19%N/AN/AN/A
MBRX
MOLECULIN BIOTECH INC
$9.60M$4.31$35.00712.44%Strong Buy3N/AN/AN/AN/A
SLRX
SALARIUS PHARMACEUTICALS INC
$2.15M$0.50N/AN/AN/AN/AN/AN/AN/AN/A
LENZ
LENZ THERAPEUTICS INC
$128.54M$15.45$31.33102.80%Strong Buy3N/AN/AN/AN/A
BLTE
BELITE BIO INC
$1.11B$38.00$58.6754.39%Strong Buy3N/AN/AN/AN/A
BMEA
BIOMEA FUSION INC
$375.76M$10.47$55.80432.95%Buy5N/AN/AN/AN/A
INSM
INSMED INC
$3.70B$24.92$45.8684.02%Strong Buy734.49%N/AN/AN/A
RLYB
RALLYBIO CORP
$62.39M$1.65$8.90439.39%Buy5N/AN/AN/AN/A
TARA
PROTARA THERAPEUTICS INC
$34.87M$3.05$26.50768.85%Buy2N/AN/AN/AN/A
SYRE
SPYRE THERAPEUTICS INC
$1.17B$32.47$38.0017.03%Strong Buy44.12%N/AN/AN/A
EDSA
EDESA BIOTECH INC
$14.17M$4.47$21.00370.01%Buy1N/AN/AN/AN/A
HLVX
HILLEVAX INC
$597.40M$12.02$30.67155.13%Strong Buy3N/AN/AN/AN/A
RARE
ULTRAGENYX PHARMACEUTICAL INC
$3.61B$43.85$80.8084.26%Strong Buy1023.26%N/AN/AN/A
GHRS
GH RESEARCH PLC
$546.30M$10.50$39.50276.19%Buy2N/AN/AN/AN/A
PDSB
PDS BIOTECHNOLOGY CORP
$119.57M$3.26$17.33431.69%Strong Buy3N/AN/AN/AN/A
IMMX
IMMIX BIOPHARMA INC
$55.43M$2.10N/AN/AN/AN/AN/AN/AN/AN/A
CRIS
CURIS INC
$85.58M$14.52$26.0079.06%Strong Buy20.28%N/AN/AN/A
CMND
CLEARMIND MEDICINE INC
$3.80M$1.20N/AN/AN/AN/AN/AN/AN/AN/A
OPT
OPTHEA LTD
$211.97M$3.63N/AN/AN/AN/A461.95%N/AN/AN/A
GNTA
GENENTA SCIENCE SPA
$53.08M$2.91N/AN/AN/AN/AN/AN/AN/AN/A
TPST
TEMPEST THERAPEUTICS INC
$77.23M$3.48$25.00618.39%Strong Buy3N/AN/AN/AN/A
AIM
AIM IMMUNOTECH INC
$20.26M$0.41N/AN/AN/AN/AN/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 -30.41% 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 45.94% from Incyte's current stock price of $51.18.

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 -8.91% over the past year, overperforming other biotech stocks by 15 percentage points.

Harmony Biosciences Holdings has an average 1 year price target of $37.33, an upside of 29.05% from Harmony Biosciences Holdings's current stock price of $28.93.

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 -1.33% 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 176.28% from Voyager Therapeutics's current stock price of $7.42.

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 14.87%.

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 56.45%, which is 42 percentage points higher than the biotech industry average of 14.87%.

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 -14 percentage points lower than the biotech industry average of 14.87%. 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 -1.43% in the last day, and down -0.98% over the last week. Acrivon Therapeutics was the among the top losers in the biotechnology industry, dropping -10.84% yesterday.

Acrivon Therapeutics shares are trading higher after the company reported initial clinical data for ACR-368 and pipeline program progress today at a corporate R&D event.

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 86 points higher than the biotech industry average of 14. It passed 7 out of 7 valuation due diligence checks.

Royalty Pharma's stock has dropped -21.04% in the past year. It has overperformed other stocks in the biotech industry by 3 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 86 points higher than the biotech industry average of 14. It passed 7 out of 7 valuation due diligence checks.

Voyager Therapeutics's stock has dropped -1.33% 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 72 points higher than the biotech industry average of 14. It passed 6 out of 7 valuation due diligence checks.

Incyte's stock has dropped -30.41% in the past year. It has underperformed other stocks in the biotech industry by -7 percentage points.

Are biotech stocks a good buy now?

49.03% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 94.43% 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 15.41x.
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.