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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
INCY
INCYTE CORP
$11.60B$3.70B$919.43M$597.60M$2.678.87%14.45%74.51%38.71%2024-06-13
HRMY
HARMONY BIOSCIENCES HOLDINGS INC
$1.66B$582.02M$221.51M$128.85M$2.1732.93%N/A-29.32%N/A2024-05-29
VYGR
VOYAGER THERAPEUTICS INC
$413.77M$250.01M$126.46M$132.33M$3.08511.16%101.01%N/AN/A2024-06-05
AMLX
AMYLYX PHARMACEUTICALS INC
$119.30M$380.79M$55.39M$49.27M$0.731,612.94%N/AN/AN/A2024-06-06
UTHR
UNITED THERAPEUTICS CORP
$11.00B$2.33B$1.39B$984.80M$21.0420.20%7.41%31.66%9.22%2024-06-25
CORT
CORCEPT THERAPEUTICS INC
$2.36B$482.38M$109.00M$105.50M$1.0220.04%13.93%7.37%9.43%2024-05-17
EXEL
EXELIXIS INC
$7.19B$1.83B$312.21M$207.77M$0.6513.60%16.47%14.04%-22.47%2024-05-30
BMRN
BIOMARIN PHARMACEUTICAL INC
$15.36B$2.47B$359.85M$205.46M$1.0913.74%10.23%194.59%N/A2024-05-21
PBYI
PUMA BIOTECHNOLOGY INC
$242.00M$235.64M$47.52M$21.59M$0.463.34%-1.25%N/AN/A2024-06-12
HALO
HALOZYME THERAPEUTICS INC
$4.89B$829.25M$451.95M$281.59M$2.1325.62%40.43%43.92%N/A2024-05-07
RPRX
ROYALTY PHARMA PLC
$16.73B$2.35B$1.32B$1.13B$2.545.24%5.58%2,440.00%N/A2024-06-21
TGTX
TG THERAPEUTICS INC
$2.08B$233.66M$25.89M$12.67M$0.098,290.02%333.86%N/AN/A2024-06-14
ROIV
ROIVANT SCIENCES LTD
$8.89B$123.24M$4.58B$4.47B$5.56185.76%N/AN/AN/A2024-06-26
GMAB
GENMAB A
$18.60B$2.40BN/A$633.48M$0.9716.77%39.38%-17.74%21.77%2024-05-02
MEIP
MEI PHARMA INC
$20.32M$72.65M$21.69M$19.84M$2.9716.10%83.24%N/AN/A2024-05-09
MDXG
MIMEDX GROUP INC
$921.43M$321.48M$32.57M$58.23M$0.4020.03%-2.19%N/AN/A2024-06-05
BNTX
BIONTECH SE
$20.73B$4.15B$1.51B$1.01B$4.21-76.96%96.02%-89.58%N/A2024-05-17
REGN
REGENERON PHARMACEUTICALS INC
$96.94B$13.12B$4.69B$3.95B$37.057.76%20.58%-8.54%10.34%2024-06-14
VNDA
VANDA PHARMACEUTICALS INC
$265.82M$192.64M$9.35M$2.51M$0.04-24.27%-0.05%-63.64%-39.66%2024-06-07
PLX
PROTALIX BIOTHERAPEUTICS INC
$84.01M$65.49M$11.65M$8.31M$0.1237.48%13.85%N/AN/A2024-06-27
DBVT
DBV TECHNOLOGIES SA
$131.53M$15.73M-$86.72M-$72.73M-$0.38224.69%-0.69%N/AN/A2024-05-02
SPRO
SPERO THERAPEUTICS INC
$78.65M$103.78M$25.77M$22.81M$0.4393.95%92.11%N/AN/A2024-05-09
AVRO
AVROBIO INC
$54.28M$0.00$12.64M$12.16M$0.27N/AN/AN/AN/A2024-06-05
BNOX
BIONOMICS LIMITED
$11.55M$14.50kN/A-$20.40M$32.92-91.52%N/A261.25%N/A2024-04-29
CPRX
CATALYST PHARMACEUTICALS INC
$1.75B$398.20M$127.65M$71.41M$0.6785.90%280.39%-16.25%N/A2024-05-30
CRSP
CRISPR THERAPEUTICS AG
$4.33B$371.21M-$130.89M-$153.61M-$1.9430,885.48%160.00%N/AN/A2024-05-30
KRYS
KRYSTAL BIOTECH INC
$4.44B$50.70M$17.90M$10.93M$0.40N/AN/AN/AN/A2024-05-17
VRTX
VERTEX PHARMACEUTICALS INC
$102.67B$9.87B$4.61B$3.62B$14.0510.51%26.49%8.33%11.26%2024-05-15
OCUP
OCUPHIRE PHARMA INC
$39.95M$19.05M-$9.97M-$9.99M-$0.46-52.20%N/AN/AN/A2024-06-11
TFFP
TFF PHARMACEUTICALS INC
$7.36M$733.87k-$20.74M-$21.24M-$11.8548.02%N/AN/AN/A2024-06-04
KNSA
KINIKSA PHARMACEUTICALS LTD
$1.27B$301.77M-$16.36M$8.65M$0.1227.69%N/A-95.74%N/A2024-06-05
SEER
SEER INC
$123.72M$16.66M-$80.49M-$86.28M-$1.357.54%N/AN/AN/A2024-06-13
MIRM
MIRUM PHARMACEUTICALS INC
$1.15B$186.37M-$135.87M-$163.42M-$4.00141.85%N/AN/AN/A2024-06-05
NVO
NOVO NORDISK A S
$572.09B$33.81B$16.66B$12.18B$2.7234.95%14.94%56.54%17.71%2024-05-02
ADAG
ADAGENE INC
$105.44M$18.11M-$14.94M-$18.95M-$0.4494.90%64.33%N/AN/A
IMMP
IMMUTEP LTD
$315.04M$4.40MN/A-$26.47M-$0.265.09%4.12%N/AN/A
PRTA
PROTHENA CORP PUBLIC LTD CO
$1.12B$91.37M-$152.07M-$147.03M-$2.7669.50%148.98%N/AN/A2024-05-14
JAZZ
JAZZ PHARMACEUTICALS PLC
$6.82B$3.83B$1.22B$414.83M$6.554.78%15.19%N/A-2.54%2024-05-01
CLGN
COLLPLANT BIOTECHNOLOGIES LTD
$67.46M$10.96M-$6.41M-$7.02M-$0.623,565.22%16.93%N/AN/A2024-05-22
IDYA
IDEAYA BIOSCIENCES INC
$2.98B$23.39M-$108.95M-$112.96M-$1.96-54.08%N/AN/AN/A2024-05-31
AGIO
AGIOS PHARMACEUTICALS INC
$1.77B$26.82M-$334.75M-$352.09M-$6.3388.36%-22.25%N/AN/A2024-05-02
VTGN
VISTAGEN THERAPEUTICS INC
$128.37M$1.04M-$31.51M-$32.07M-$3.43N/AN/AN/AN/A2024-06-26
RNA
AVIDITY BIOSCIENCES INC
$1.94B$9.56M-$207.14M-$212.22M-$2.913.64%90.71%N/AN/A2024-05-07
VYNE
VYNE THERAPEUTICS INC
$35.25M$424.00k-$28.45M-$28.45M-$2.78-11.11%-34.79%N/AN/A2024-05-09
MDWD
MEDIWOUND LTD
$168.20M$18.69M-$3.34M-$6.72M-$0.75-29.48%40.60%N/AN/A2024-05-30
LPCN
LIPOCINE INC
$25.51M-$2.85M-$16.32M-$16.35M-$3.10N/AN/AN/AN/A2024-06-05
ORMP
ORAMED PHARMACEUTICALS INC
$99.68M$1.34M$7.76M$5.53M$0.14-50.43%-13.14%N/AN/A2024-05-09
ARCT
ARCTURUS THERAPEUTICS HOLDINGS INC
$714.60M$166.80M-$41.52M-$29.73M-$1.12-19.03%60.31%N/AN/A2024-06-13
ALGS
ALIGOS THERAPEUTICS INC
$59.17M$15.53M-$85.06M-$87.68M-$1.3611.66%N/AN/AN/A2024-06-27
KZR
KEZAR LIFE SCIENCES INC
$58.61M$7.00M-$99.25M-$101.87M-$1.40N/AN/AN/AN/A2024-06-18
INM
INMED PHARMACEUTICALS INC
$1.39M$5.49M-$5.75M-$6.35M-$1.27239.77%N/AN/AN/A2024-05-13
GNFT
GENFIT SA
$173.92M$41.50M-$23.09M-$31.41M-$0.6350.09%37.55%N/AN/A
EDIT
EDITAS MEDICINE INC
$435.25M$78.12M-$164.72M-$153.22M-$2.02296.32%19.59%N/AN/A2024-05-31
AXSM
AXSOME THERAPEUTICS INC
$3.40B$270.60M-$223.54M-$239.24M-$5.27440.80%N/AN/AN/A2024-06-07
XCUR
EXICURE INC
$4.32M$23.79M$5.04M$3.07M$1.68584.21%38.63%N/A-72.96%
FULC
FULCRUM THERAPEUTICS INC
$442.22M$2.81M-$95.16M-$97.34M-$1.59-55.77%N/AN/AN/A2024-06-17
ANIX
ANIXA BIOSCIENCES INC
$103.04M$210.00k-$10.70M-$10.74M-$0.34N/A-28.36%N/AN/A2024-06-07
LIFE
ATYR PHARMA INC
$106.37M$353.00k-$47.65M-$50.39M-$0.94-96.60%N/AN/AN/A2024-05-22
GLPG
GALAPAGOS NV
$1.90B$260.57M$240.55M$230.11M$3.493.78%-5.51%N/AN/A2024-05-02
TECH
BIO-TECHNE CORP
$10.07B$1.14B$372.91M$224.16M$1.412.25%10.93%-15.57%17.11%2024-05-01
PTGX
PROTAGONIST THERAPEUTICS INC
$1.47B$60.00M-$75.64M-$78.96M-$1.39125.73%14.17%N/AN/A2024-06-20
LEGN
LEGEND BIOTECH CORP
$8.24B$285.14M-$477.87M-$518.25M-$2.94143.70%42.15%N/AN/A2024-05-13
ZLAB
ZAI LAB LTD
$1.58B$266.72M-$316.88M-$334.62M-$3.5024.03%360.35%N/AN/A2024-05-07
XBIO
XENETIC BIOSCIENCES INC
$6.30M$2.54M-$4.13M-$4.13M-$2.7148.80%N/AN/AN/A2024-05-09
MRUS
MERUS NV
$2.61B$43.95M-$163.72M-$154.94M-$3.005.68%2.75%N/AN/A2024-05-07
NRBO
NEUROBO PHARMACEUTICALS INC
$15.40M$0.00-$12.46M-$12.47M-$2.46N/AN/AN/AN/A2024-06-27
ACIU
AC IMMUNE SA
$233.11M$16.82M-$58.90M-$61.63M-$0.73316.44%20.10%N/AN/A
BOLT
BOLT BIOTHERAPEUTICS INC
$42.32M$7.88M-$64.39M-$69.20M-$1.8337.48%N/AN/AN/A2024-05-09
ARGX
ARGENX SE
$22.07B$38.62M-$209.00M-$320.71M-$5.61270.16%9.84%N/AN/A2024-05-09
SLGL
SOL-GEL TECHNOLOGIES LTD
$24.79M$1.55M-$26.90M-$27.24M-$1.01-59.98%64.50%N/AN/A2024-05-10
FUSN
FUSION PHARMACEUTICALS INC
$1.81B$2.07M-$85.08M-$94.90M-$1.4541.55%N/AN/AN/A2024-06-13
FATE
FATE THERAPEUTICS INC
$377.10M$63.53M-$142.65M-$160.93M-$1.64-34.03%68.05%N/AN/A2024-05-01
BCYC
BICYCLE THERAPEUTICS PLC
$967.98M$26.98M-$169.40M-$180.66M-$5.0886.52%30.47%N/AN/A2024-05-16
CLNN
CLENE INC
$43.67M$654.00k-$42.81M-$49.50M-$0.4738.27%N/AN/AN/A2024-05-29
ZVRA
ZEVRA THERAPEUTICS INC
$196.29M$27.46M-$43.54M-$46.05M-$1.30170.26%N/AN/AN/A2024-05-13
IGMS
IGM BIOSCIENCES INC
$552.59M$2.13M-$232.05M-$246.42M-$4.7199.25%N/AN/AN/A2024-06-11
TRAW
TRAWS PHARMA INC
$13.07M$226.00k-$18.93M-$18.95M-$0.900.00%-28.72%N/AN/A2024-05-13
JANX
JANUX THERAPEUTICS INC
$2.45B$8.08M-$56.34M-$58.29M-$1.32-6.14%N/AN/AN/A2024-05-10
MRKR
MARKER THERAPEUTICS INC
$38.19M$3.31M-$8.23M-$8.24M-$0.94-5.76%74.27%N/AN/A2024-06-05
VERV
VERVE THERAPEUTICS INC
$515.09M$11.76M-$187.55M-$200.07M-$3.12505.77%N/AN/AN/A2024-05-07
ALT
ALTIMMUNE INC
$514.70M$426.00k-$87.94M-$88.45M-$1.66N/A-47.15%N/AN/A2024-05-15
ZYME
ZYMEWORKS INC
$582.89M$76.01M-$101.94M-$118.67M-$1.72-81.57%7.47%N/AN/A
RYTM
RHYTHM PHARMACEUTICALS INC
$2.30B$77.43M-$168.46M-$184.68M-$3.20227.56%N/AN/AN/A2024-06-20
PLRX
PLIANT THERAPEUTICS INC
$711.42M$1.58M-$155.84M-$161.34M-$2.75-83.69%N/AN/AN/A2024-06-13
SPRB
SPRUCE BIOSCIENCES INC
$28.80M$10.09M-$47.14M-$47.92M-$1.24N/AN/AN/AN/A2024-05-22
ARDX
ARDELYX INC
$1.49B$124.46M-$55.65M-$66.07M-$0.30138.61%116.66%N/AN/A2024-06-14
BGNE
BEIGENE LTD
$16.08B$2.46B-$812.17M-$881.71M-$0.6573.65%65.47%N/AN/A2024-05-02
CALT
CALLIDITAS THERAPEUTICS AB
$580.94M$110.93M-$31.50M-$42.85M-$1.6055.09%N/AN/AN/A2024-05-07
CDIO
CARDIO DIAGNOSTICS HOLDINGS INC
$14.90M$17.07k-$1.53M-$8.38M-$0.661,696.32%N/AN/AN/A
ITOS
ITEOS THERAPEUTICS INC
$387.11M$12.60M-$108.13M-$112.64M-$3.15-95.29%N/AN/AN/A2024-06-11
SPRY
ARS PHARMACEUTICALS INC
$805.79M$30.00k-$54.29M-$54.37M-$0.57-97.72%N/AN/AN/A2024-06-26
BRNS
BARINTHUS BIOTHERAPEUTICS PLC
$97.30M$802.00k-$69.64M-$73.35M-$1.91-98.21%N/AN/AN/A2024-05-10
EYPT
EYEPOINT PHARMACEUTICALS INC
$834.67M$46.02M-$69.00M-$70.80M-$1.8211.14%58.70%N/AN/A2024-06-19
RVMD
REVOLUTION MEDICINES INC
$5.92B$11.58M-$430.28M-$436.37M-$3.86-67.27%-10.50%N/AN/A2024-06-07
IMCR
IMMUNOCORE HOLDINGS PLC
$2.91B$249.43M-$50.00M-$55.29M-$1.1343.05%53.19%N/AN/A2024-05-31
STTK
SHATTUCK LABS INC
$502.76M$1.66M-$82.89M-$87.30M-$2.05154.14%-40.62%N/AN/A2024-06-07
IFRX
INFLARX NV
$78.31M$68.58k-$45.72M-$46.38M-$0.85N/AN/AN/AN/A2024-05-09
SAGE
SAGE THERAPEUTICS INC
$823.89M$91.06M-$501.74M-$503.14M-$8.39868.87%0.07%N/AN/A2024-06-10
CVAC
CUREVAC NV
$521.89M$57.80M-$251.71M-$279.75M-$1.27-16.72%32.20%N/AN/A2024-06-18
CRNX
CRINETICS PHARMACEUTICALS INC
$2.93B$4.01M-$212.22M-$214.53M-$3.69-15.28%10.57%N/AN/A2024-06-14

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 -29.72% over the past year, underperforming other biotech stocks by -8 percentage points.

Incyte has an average 1 year price target of $74.69, an upside of 44.53% from Incyte's current stock price of $51.68.

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 -7.45% 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 27.33% from Harmony Biosciences Holdings's current stock price of $29.32.

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 return 2.42% over the past year, overperforming other biotech stocks by 25 percentage points.

Voyager Therapeutics has an average 1 year price target of $20.50, an upside of 169.03% from Voyager Therapeutics's current stock price of $7.62.

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 15.1%.

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 57.38%, which is 42 percentage points higher than the biotech industry average of 15.1%.

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 1.08%, which is -14 percentage points lower than the biotech industry average of 15.1%. 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 1.2% in the last day, and up 1.13% over the last week. Biodexa Pharmaceuticals was the among the top gainers in the biotechnology industry, gaining 79.31% yesterday.

Biodexa shares are trading higher after the company entered an exclusive license agreement with Rapamycin Holdings for the rights to eRapa.

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 -20.21% 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 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 gained 2.42% in the past year. It has overperformed other stocks in the biotech industry by 25 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 -29.72% in the past year. It has underperformed other stocks in the biotech industry by -8 percentage points.

Are biotech stocks a good buy now?

49.23% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 91.72% 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 14.88x.
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.