10 Stocks Wall Street Is Calling Bullish Amid Market Turmoil

6. Nektar Therapeutics (NASDAQ:NKTR) 

Nektar Therapeutics operates as a biopharmaceutical company that discovers and develops therapies to treat autoimmune disorders. Its products include NKTR-358, PEG-CSF1, and others. The company’s stock price gained 6% in the previous year despite a downturn in the second half of the year.

Based on 9 different analyst ratings, NKTR has the highest target price of $7 which means it has the potential to grow more than six times higher from the current levels if the bull thesis holds true. The stock is currently trading at $0.91 which is 9.97% below the lowest Wall Street price target of $1.

The company was recently upgraded by Oppenheimer from Perform to Outperform with a price target of $6. According to the analysts, the company’s stock valuation was attractive prior to the mid-stage trial results for its eczema therapy Rezpegaldesleukin. Analyst Jay Olson emphasized that Rezpeg’s distinctive profile places it in a strong position to grow in an expanding market and could offer significant benefits for eczema patients. Despite risks, investors could make 6x their money in this stock.