10 Affordable Biotech Stocks to Buy Right Now

9. Tango Therapeutics Inc. (NASDAQ:TNGX)

Tango Therapeutics Inc. (NASDAQ:TNGX) is one of the 10 affordable biotech stocks to buy right now.

On June 29, Canaccord Genuity increased its target price on Tango Therapeutics Inc. (NASDAQ:TNGX) from $42 to $46, resulting in more than 53% upside potential. The firm kept a Buy rating on the stock, highlighting further upside from vopimetostat + KRAS inhibitors in NSCLC.

The price target adjustment is based on a revised valuation model that incorporates combined revenues from the therapy.

Earlier on June 26, Jefferies upgraded Tango Therapeutics Inc. (NASDAQ:TNGX) from Hold to Buy. The firm also increased its target price substantially from $27 to $60, leading to an upside of more than 100% at the prevailing level.

Despite a 242% rally so far during 2026, Jefferies anticipates further upside following promising data for vopimetostat plus daraxonrasib. It highlighted that this represents a plausible opportunity worth more than $4 billion, covering around 25%-40% of patients with pancreatic ductal adenocarcinoma.

During the second week of June, the company signed an underwriting agreement with Leerink Partners and J.P. Morgan Securities for an offering involving almost 18.2 million of the company’s common stock, as well as pre-funded warrants for more than 1.83 million shares.

The common stock offering was priced at $30 per share, while the warrants were priced at $29.99. The company expects to realize net proceeds of around $566.5 million, which will be used to fund pivotal trials, R&D spending, corporate needs, and commercial efforts.

Tango Therapeutics Inc. (NASDAQ:TNGX) is a precision oncology company focusing on the discovery and development of drugs targeting defined patient populations with unaddressed clinical needs. It develops TNG462, TNG45, and PRMT5 inhibitors for the treatment of pancreatic, lung, and brain cancer, respectively. The company is currently engaged in the development of TNG260 to treat lung cancer.

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