10 Hot Large Cap Stocks to Buy Now

4. Insmed Incorporated (NASDAQ:INSM)

Market Cap: $18.75 billion

Gain Over the Past 1 Month: 50.48%

Number of Hedge Fund Holders: 64

Insmed Incorporated (NASDAQ:INSM) is one of the 10 Hot Large Cap Stocks to Buy Now. Tiago Fauth, an analyst from Wells Fargo, maintained a Buy rating on Insmed Incorporated (NASDAQ:INSM) on June 11, raising the associated price target to $119 from $107. The analyst based the positive rating on the promising developments in the company’s TPIP program, with Phase 2 results showing a notable decrease in pulmonary vascular resistance (PVR).

The results exceeded expectations and reflected the potential to become a leading inhaled prostacyclin therapy. The therapy also has ease of dosing, making it a differentiated option in the treatment of pulmonary arterial hypertension (PAH).

The analyst further noted that TPIP has a positive safety profile, particularly in relation to cough rates. This positions it favorably compared to existing treatments, solidifying its market potential and supporting the optimistic outlook.