4 Biotech Stocks Receiving Analyst Praise Friday

Apr. 12, 2019 8:39 AM ETACRX, ATRC, GLYC, JPM, QURE, WFC
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Specializing in profiling high beta sectors, Bret Jensen founded and also manages The Biotech Forum, The Insiders Forum, and the Busted IPO Forum model portfolios. Finding “gems” in the biotech and small-cap stock sectors, these highly volatile spaces proven hugely successful have empowered Bret Jensen's own investing portfolio.

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The whole of life is just like watching a film. Only it's as though you always get in ten minutes after the big picture has started, and no-one will tell you the plot, so you have to work it out all yourself from the clues.” ― Terry Pratchett, Moving Pictures

The biotech had a decent sell-off in trading Thursday.  The major biotech ETFs were down 1.5% to 2.1% on the day.  We had solid Q1 reports from JP Morgan (JPM) and Wells Fargo (WFC) this morning to officially kick off first quarter earnings season.  This has investors in a good mood as we look to start the last trading day of the week and pre-market futures are up nicely.

While we await the opening bell this Friday morning, here are four biotech stocks garnering positive analyst commentary.

H.C. Wainwright reiterates its Buy rating and $9 price target on Acelrx (ACRX) this morning with the following commentary around its valuation on the stock.

We project U.S. peak sales of $325M in 2026 for DSUVIA. For Zalviso, we project product launch in 1H20 (85% POS) with peak sales in 2027 of about $185M. We apply a 12.5% discount rate to both products.

Piper Jaffray initiates GlycoMimetics (GLYC) as a new Overweight with a $20 price target.  Jaffray's analyst states 'The shares are undervalued considering the company has two Phase 3 assets in rivipansel and uproleselan with data for the former expected by the end of Q2. Rivipansel aims to reduce duration of sickle cell disease related pain crises and hospitalization times'. The analyst views 'the drug as a $1.5B opportunity that is not fully priced into the stock and sees "significant upside from two relatively de-risked programs.'

Image result for may the odds be ever in your favor 10 Simple Rules To Trade Options Like A Pro' from our friends at Investors Alley is a good quick overview on using option strategies to mitigate risk and enhance returns in your portfolio. These strategies are well suited to high beta sectors like biotech where option premiums tend to be large. The report is now available free via download HERE

Next up is AtriCure (ATRC).  The stock is started with an Overweight rating with a $37 price target at JP Morgan.  Morgan's analyst list three key reasons he likes the shares at current trading levels.

  • The valuation is attractive and the name offers durable organic mid-teens top-line growth.
  • Has a favorable view on the lack of competitors.
  • Sees catalysts from COVERAGE data over the coming 1-year period.

Finally, Piper Jaffray also likes UniQure (QURE) this morning.  It is assigned a new Overweight rating and $80 price target.  Jaffray's analyst 'sees "significant unrealized value" for the company's pipeline and expects initial clinical proof-of-concept data with uniQure's gene therapy for Huntington's disease to drive shares higher by the end of 2019'And those are four small biotech stocks analysts favor this Friday morning as we look to close another trading week on a high note.

The length of a film should be directly related to the endurance of the human bladder.” ― Alfred Hitchcock

Thank You & Happy Hunting,

Bret Jensen

Founder, The Biotech Forum, The Busted IPO Forum & The Insiders Forum

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We published an extensive free report on a new 7% yielding stock I just added to my personal portfolio late in March. The shares have recent insider buying as well. If you are signed up to receive our free reports, you should have received this research automatically in your email. If you want this investment analysis and are not registered yet, just go to bretjenseninvests.com and hit the 'free reports' tab to download this latest report. This action will also register you for all the free reports we put out going forward as published as well. Next week we take an in-depth look at a small biotech name with a fast approaching PDUFA date.

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