11 Best Genomics Stocks to Buy According to Hedge Funds

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1. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)

Number of Hedge Fund Holders: 66

UBS has maintained its Neutral rating on Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) and reduced its price objective from $633 to $560 on June 5, noting mixed corporate updates and recent pipeline advancements.

The Phase 2 COURAGE study interim readout, the Phase 3 AERIFY-1/2 trials results for itepekimab in COPD, the $256 million acquisition of 23andMe, and a license agreement with Hansoh for the ex-China rights to a Phase 3 GLP-1/GIP receptor agonist are among the noteworthy developments. UBS identifies Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)’s Eylea franchise’s ongoing weakening as a major short-term concern.

Recent strategic actions by Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN), including licensing agreements and acquisitions, demonstrate that the company is expanding beyond its traditional ophthalmology portfolio. However, due to the difficulties the Eylea franchise is facing, market sentiment remains wary.

Although pipeline updates, such as the data from the COPD trial and the metabolic asset partnership with Hansoh, have long-term potential, UBS believes that these benefits are outweighed by the pressure from existing franchises, which supports the updated price target and Neutral position.

While we acknowledge the potential of REGN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than REGN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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