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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
SRPT
SAREPTA THERAPEUTICS INC
$11.01B$1.24B-$461.21M-$535.98M-$5.8033.26%32.80%N/AN/A2024-04-30
CMRX
CHIMERIX INC
$82.07M$324.00k-$82.09M-$82.10M-$0.93-99.04%-46.24%N/AN/A2024-05-02
IFRX
INFLARX NV
$77.14M$68.58k-$45.72M-$46.38M-$0.85N/AN/AN/AN/A2024-05-09
CRNX
CRINETICS PHARMACEUTICALS INC
$3.03B$4.01M-$212.22M-$214.53M-$3.69-15.28%10.57%N/AN/A2024-05-02
PRTC
PURETECH HEALTH PLC
$709.79M$15.62M-$97.18M-$50.35M-$1.80-10.18%43.86%N/AN/A2024-04-25
STTK
SHATTUCK LABS INC
$426.32M$1.66M-$82.89M-$87.30M-$2.05154.14%-40.62%N/AN/A2024-05-07
MREO
MEREO BIOPHARMA GROUP PLC
$377.29M$10.00M-$27.34M-$29.47M-$0.20N/AN/AN/AN/A2024-05-21
QSI
QUANTUM-SI INC
$232.50M$1.08M-$90.40M-$95.96M-$0.68N/AN/AN/AN/A2024-05-09
IMCR
IMMUNOCORE HOLDINGS PLC
$2.66B$249.43M-$50.00M-$55.29M-$1.1343.05%53.19%N/AN/A2024-05-08
IMTX
IMMATICS NV
$878.75M$58.69M-$97.57M-$105.43M-$1.30-67.37%69.15%N/AN/A2024-05-14
VRDN
VIRIDIAN THERAPEUTICS INC
$947.16M$314.00k-$235.32M-$237.73M-$5.31-82.28%-48.16%N/AN/A2024-05-07
OCS
OCULIS HOLDING AG
$439.80M$1.00M-$98.97M-$100.91M-$3.387.19%N/AN/AN/A
VCYT
VERACYTE INC
$1.42B$361.05M-$45.27M-$74.40M-$1.0221.76%31.45%N/AN/A2024-05-02
MOLN
MOLECULAR PARTNERS AG
$128.46M$8.00M-$61.83M-$70.44M-$2.15-95.89%N/AN/AN/A
LQDA
LIQUIDIA CORP
$1.03B$17.49M-$69.65M-$78.50M-$1.219.75%45.23%N/AN/A2024-05-02
CRBU
CARIBOU BIOSCIENCES INC
$362.16M$34.48M-$96.30M-$102.07M-$1.38148.91%N/AN/AN/A2024-05-07
BLUE
BLUEBIRD BIO INC
$108.24M$21.73M-$95.08M-$91.17M-$0.60322.60%-11.27%N/AN/A2024-05-07
ATAI
ATAI LIFE SCIENCES NV
$356.96M$314.00k-$35.85M-$40.22M-$0.2534.76%N/AN/AN/A2024-05-07
AUPH
AURINIA PHARMACEUTICALS INC
$723.09M$175.51M-$63.05M-$78.02M-$0.5430.95%227.90%N/AN/A2024-05-02
GLMD
GALMED PHARMACEUTICALS LTD
$1.79M$0.00-$7.46M-$6.91M-$2.50N/A-100.00%N/AN/A2024-05-30
YMAB
Y-MABS THERAPEUTICS INC
$662.79M$84.82M-$24.94M-$21.43M-$0.4929.96%N/AN/AN/A2024-05-06
QNCX
QUINCE THERAPEUTICS INC
$43.09M$0.00-$31.26M-$31.39M-$0.84N/AN/AN/AN/A2024-05-13
CASI
CASI PHARMACEUTICALS INC
$31.30M$33.88M-$22.29M-$26.96M-$2.02-21.41%N/AN/AN/A2024-04-24
DNTH
DIANTHUS THERAPEUTICS INC
$708.43M$2.83M-$43.20M-$43.56M-$8.45-55.96%N/AN/AN/A2024-05-13
HOTH
HOTH THERAPEUTICS INC
$5.28M$0.00-$7.85M-$7.85M-$2.30N/AN/AN/AN/A2024-05-15
CYCN
CYCLERION THERAPEUTICS INC
$8.62M$0.00-$5.62M-$5.26M-$2.25-100.00%N/AN/AN/A2024-05-09
MTEM
MOLECULAR TEMPLATES INC
$8.92M$57.31M$1.16M-$8.12M$1.80190.10%33.96%-92.71%N/A2024-05-13
BEAM
BEAM THERAPEUTICS INC
$2.10B$377.71M-$111.15M-$132.53M-$1.72520.01%N/AN/AN/A2024-05-08
MESO
MESOBLAST LTD
$475.94M$7.25MN/A-$73.06M-$0.91-5.28%-14.93%N/AN/A2024-05-30
ARVN
ARVINAS INC
$2.28B$78.50M-$359.70M-$367.30M-$6.62-40.26%40.53%N/AN/A2024-05-03
CCCC
C4 THERAPEUTICS INC
$468.54M$20.76M-$121.80M-$132.49M-$2.67-33.25%1.40%N/AN/A2024-05-02
IKNA
IKENA ONCOLOGY INC
$61.29M$9.16M-$65.59M-$68.17M-$1.63-41.35%N/AN/AN/A2024-05-13
MRNA
MODERNA INC
$39.66B$6.85B-$3.32B-$4.71B-$12.33-64.45%119.28%N/AN/A2024-05-02
CELZ
CREATIVE MEDICAL TECHNOLOGY HOLDINGS INC
$7.05M$9.00k-$5.19M-$5.29M-$3.76-89.84%-40.86%N/AN/A2024-05-10
CALT
CALLIDITAS THERAPEUTICS AB
$530.23M$105.20MN/A-$26.74M-$0.99214.74%N/AN/AN/A2024-05-07
NTLA
INTELLIA THERAPEUTICS INC
$2.10B$36.28M-$472.22M-$481.19M-$5.42-30.40%3.57%N/AN/A2024-05-02
DNLI
DENALI THERAPEUTICS INC
$2.41B$330.53M-$128.47M-$145.22M-$1.06204.74%20.67%N/AN/A2024-05-06
SPRC
SCISPARC LTD
$1.48M$797.51k$1.87M$1.42M-$4.00108.44%N/AN/AN/A
QTTB
Q32 BIO INC
$80.71M$1.16M-$110.32M-$112.96M-$35.10-63.97%-26.32%N/AN/A2024-05-09
GLYC
GLYCOMIMETICS INC
$138.57M$10.00k-$35.89M-$36.90M-$0.58-86.67%N/AN/AN/A2024-05-01
IMNM
IMMUNOME INC
$1.10B$14.02M-$106.08M-$106.81M-$5.38N/AN/AN/AN/A2024-05-03
ALLO
ALLOGENE THERAPEUTICS INC
$591.82M$95.00k-$313.07M-$327.27M-$2.09-39.10%N/AN/AN/A2024-05-01
GTHX
G1 THERAPEUTICS INC
$212.97M$82.51M-$34.30M-$47.97M-$0.9360.84%N/AN/AN/A2024-05-01
INO
INOVIO PHARMACEUTICALS INC
$225.17M$832.01k-$130.39M-$135.12M-$6.09-91.89%-51.33%N/AN/A2024-05-08
SWTX
SPRINGWORKS THERAPEUTICS INC
$3.20B$5.45M-$321.78M-$325.10M-$5.15N/AN/AN/AN/A2024-05-01
MIST
MILESTONE PHARMACEUTICALS INC
$93.54M$1.00M-$57.04M-$59.69M-$1.39-80.00%N/AN/AN/A2024-05-09
LYEL
LYELL IMMUNOPHARMA INC
$612.37M$130.00k-$214.38M-$234.63M-$0.93-99.85%N/AN/AN/A2024-05-07
PLUR
PLURI INC
$29.62M$357.00k-$21.99M-$23.95M-$4.6410.53%48.16%N/AN/A2024-05-08
KROS
KEROS THERAPEUTICS INC
$2.09B$151.00k-$150.63M-$152.99M-$5.20N/A-56.77%N/AN/A2024-05-02
ARQT
ARCUTIS BIOTHERAPEUTICS INC
$977.81M$59.61M-$227.43M-$262.14M-$3.781,517.09%N/AN/AN/A2024-05-07
PGEN
PRECIGEN INC
$338.53M$6.23M-$89.23M-$95.90M-$0.39-76.87%-47.16%N/AN/A2024-05-08
CUE
CUE BIOPHARMA INC
$72.72M$5.49M-$46.05M-$50.73M-$1.11340.96%36.88%N/AN/A2024-05-07
MRNS
MARINUS PHARMACEUTICALS INC
$65.57M$30.99M-$125.31M-$141.41M-$2.6321.63%N/AN/AN/A2024-05-09
ABCL
ABCELLERA BIOLOGICS INC
$1.19B$38.03M-$143.14M-$146.40M-$0.51-92.17%33.91%N/AN/A2024-05-02
XOMA
XOMA CORP
$283.44M$4.76M-$39.24M-$46.30M-$4.04-21.06%-2.13%N/AN/A2024-05-07
COCP
COCRYSTAL PHARMA INC
$14.85M$0.00-$17.16M-$17.98M-$1.87N/AN/AN/AN/A2024-05-13
INVA
INNOVIVA INC
$914.90M$310.46M$248.96M$179.72M$2.75-6.30%3.53%-10.42%-6.84%2024-05-07
CVKD
CADRENAL THERAPEUTICS INC
$6.24M$0.00-$8.34M-$8.36M-$0.62N/AN/AN/AN/A
SXTP
60 DEGREES PHARMACEUTICALS INC
$3.01M$253.57k-$1.38M-$3.92M-$0.99-50.40%N/AN/AN/A
OVID
OVID THERAPEUTICS INC
$224.15M$391.70k-$50.74M-$52.34M-$0.74-73.93%N/AN/AN/A2024-05-03
LXRX
LEXICON PHARMACEUTICALS INC
$417.37M$1.20M-$163.46M-$177.12M-$0.80766.19%-54.71%N/AN/A2024-04-30
LUMO
LUMOS PHARMA INC
$20.43M$2.05M-$34.02M-$34.03M-$4.1834.67%-30.31%N/AN/A2024-05-01
ALPN
ALPINE IMMUNE SCIENCES INC
$4.23B$58.88M-$31.41M-$32.18M-$0.6495.84%142.30%N/AN/A2024-05-09
MGNX
MACROGENICS INC
$1.04B$58.75M$5.51M-$9.06M-$0.15-61.33%-0.46%N/AN/A2024-05-07
CDIO
CARDIO DIAGNOSTICS HOLDINGS INC
$22.24M$17.07k-$1.53M-$8.38M-$0.661,696.32%N/AN/AN/A
APRE
APREA THERAPEUTICS INC
$31.77M$583.23k-$15.50M-$14.29M-$3.95N/AN/AN/AN/A2024-05-13
SLRN
ACELYRIN INC
$505.60M$0.00-$381.37M-$381.64M-$5.43N/AN/AN/AN/A
LYRA
LYRA THERAPEUTICS INC
$322.61M$1.56M-$62.34M-$62.68M-$1.2614.31%4.60%N/AN/A2024-05-10
ABSI
ABSCI CORP
$606.78M$5.72M-$95.46M-$110.57M-$1.20-0.50%N/AN/AN/A2024-05-13
VIR
VIR BIOTECHNOLOGY INC
$1.13B$86.18M-$601.03M-$615.06M-$4.59-94.67%51.87%N/AN/A2024-05-02
PALI
PALISADE BIO INC
$5.05M$250.00k-$12.20M-$12.32M-$27.00N/A-0.78%N/AN/A2024-05-10
KRRO
KORRO BIO INC
$588.57M$0.00-$73.91M-$81.17M-$53.08N/AN/AN/AN/A2024-05-10
KYMR
KYMERA THERAPEUTICS INC
$2.07B$78.59M-$143.20M-$146.96M-$2.5267.84%N/AN/AN/A2024-05-02
NGNE
NEUROGENE INC
$452.43M$0.00-$32.35M-$36.32M$27.76N/A-100.00%N/AN/A2024-05-06
ALEC
ALECTOR INC
$508.43M$97.06M-$116.33M-$130.39M-$1.56-27.36%28.52%N/AN/A2024-05-02
CRDF
CARDIFF ONCOLOGY INC
$205.07M$488.00k-$41.04M-$41.47M-$0.9326.42%5.22%N/AN/A2024-05-02
RLAY
RELAY THERAPEUTICS INC
$884.15M$25.55M-$336.70M-$341.97M-$2.791,749.82%N/AN/AN/A2024-05-02
IOBT
IO BIOTECH INC
$99.48M$0.00-$84.48M-$86.08M-$1.98N/AN/AN/AN/A2024-05-13
CLDX
CELLDEX THERAPEUTICS INC
$2.16B$6.88M-$138.42M-$141.43M-$2.92192.02%-6.32%N/AN/A2024-05-02
LSTA
LISATA THERAPEUTICS INC
$23.59M$0.00-$22.98M-$20.84M-$2.58N/AN/AN/AN/A2024-05-07
SVRA
SAVARA INC
$712.84M$0.00-$50.09M-$54.70M-$0.33N/AN/AN/AN/A2024-05-13
AVXL
ANAVEX LIFE SCIENCES CORP
$338.30M$0.00-$43.04M-$43.16M-$0.55N/AN/AN/AN/A2024-05-07
ELVN
ENLIVEN THERAPEUTICS INC
$772.79M$0.00-$70.98M-$71.58M-$2.01N/AN/AN/AN/A2024-05-09
VCEL
VERICEL CORP
$2.29B$197.52M$8.93M-$3.18M-$0.0720.17%16.80%N/AN/A2024-05-08
VRNA
VERONA PHARMA PLC
$1.31B$0.00-$51.16M-$54.37M-$0.72-100.00%N/AN/AN/A2024-05-07
HOWL
WEREWOLF THERAPEUTICS INC
$239.76M$19.94M-$30.89M-$37.37M-$1.0521.60%N/AN/AN/A2024-05-08
DTIL
PRECISION BIOSCIENCES INC
$89.01M$48.73M-$50.83M-$61.32M-$15.9694.15%34.96%N/AN/A2024-05-07
TERN
TERNS PHARMACEUTICALS INC
$301.92M$0.00-$89.09M-$90.21M-$1.27N/AN/AN/AN/A2024-05-13
ATOS
ATOSSA THERAPEUTICS INC
$192.97M$0.00-$30.07M-$30.09M-$0.24N/AN/AN/AN/A2024-05-13
TVTX
TRAVERE THERAPEUTICS INC
$468.01M$145.24M-$61.31M-$111.40M-$1.5032.69%-2.43%N/AN/A2024-05-02
ETNB
89BIO INC
$876.11M$0.00-$133.26M-$142.19M-$2.00N/AN/AN/AN/A2024-05-02
ATXS
ASTRIA THERAPEUTICS INC
$609.42M$0.00-$72.89M-$72.89M-$2.42N/AN/AN/AN/A2024-05-09
PMCB
PHARMACYTE BIOTECH INC
$18.20M$0.00-$1.14M-$11.51M-$1.20N/AN/AN/AN/A
EVGN
EVOGENE LTD
$35.41M$5.64M-$20.34M-$23.88M-$0.52236.72%26.41%N/AN/A2024-05-07
AKRO
AKERO THERAPEUTICS INC
$1.23B$0.00-$148.40M-$151.76M-$2.89N/AN/AN/AN/A2024-05-13
TBPH
THERAVANCE BIOPHARMA INC
$466.72M$57.42M-$40.77M-$55.19M-$1.0011.84%-1.00%N/AN/A2024-05-06
TRVI
TREVI THERAPEUTICS INC
$183.78M$0.00-$28.58M-$29.07M-$0.29N/AN/AN/AN/A2024-05-09
CABA
CABALETTA BIO INC
$785.86M$0.00-$64.18M-$67.68M-$1.65N/AN/AN/AN/A2024-05-09
TCRX
TSCAN THERAPEUTICS INC
$341.40M$21.05M-$80.10M-$89.22M-$1.3655.52%N/AN/AN/A2024-05-07
LRMR
LARIMAR THERAPEUTICS INC
$461.91M$0.00-$36.64M-$36.95M-$0.84N/AN/AN/AN/A2024-05-13

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 -29.04% over the past year, underperforming other biotech stocks by -4 percentage points.

Incyte has an average 1 year price target of $73.92, an upside of 38.89% from Incyte's current stock price of $53.22.

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 -10.7% 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 25.36% from Harmony Biosciences Holdings's current stock price of $29.78.

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 0.76% over the past year, overperforming other biotech stocks by 26 percentage points.

Voyager Therapeutics has an average 1 year price target of $20.50, an upside of 156.89% from Voyager Therapeutics's current stock price of $7.98.

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 14.44%.

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 54.69%, which is 40 percentage points higher than the biotech industry average of 14.44%.

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 1.11%, which is -13 percentage points lower than the biotech industry average of 14.44%. 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 -1.09% in the last day, and down -5.8% over the last week. Calidi Biotherapeutics was the among the top losers in the biotechnology industry, dropping -65.5% yesterday.

Calidi Biotherapeutics shares are trading lower after the company announced the pricing of a $6.1 million 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 -24.89% in the past year. It has performed in line with other stocks in the biotech industry.

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 gained 0.76% in the past year. It has overperformed other stocks in the biotech industry by 26 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 -29.04% in the past year. It has underperformed other stocks in the biotech industry by -4 percentage points.

Are biotech stocks a good buy now?

49.42% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 82.6% 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 15.24x.
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.