Absci Corporation (ABSI) Draws Full Buy Consensus With 150% Upside Potential

Absci Corporation (NASDAQ:ABSI) is among the Best Get Rich Fast Stocks to Buy Right Now. As of December 24, Absci Corporation (NASDAQ:ABSI) is a consensus buy among all nine analysts covering the stock. The median price target of $9 translates to an upside potential of 150.70%.

On December 17, H.C. Wainwright reaffirmed the ‘Buy’ rating on Absci Corporation (NASDAQ:ABSI), while raising the price target to $8 from $7. The price target revision, reflecting an upside potential of 125%, follows the firm’s incorporation of ABS-201 into the company’s model. This comes after the company’s investor event in which it discussed the androgenetic alopecia program for ABS-201.

According to the research note, ABS-201 exhibits the potential to expand the proportion of hair follicles in the growth phase relative to the resting phase, a stage during which hair shedding occurs. H.C. Wainwright’s confidence in the ABS-201 program is driven by the strength of the preclinical evidence.

Earlier, on December 11, Absci Corporation (NASDAQ:ABSI) disclosed new preclinical data for its AI-designed antibody, ABS-201, indicating that the drug may effectively stimulate hair growth in human scalp tissue samples. Presented during a Key Opinion Leader seminar, the data showed that ABS-201 targets the prolactin receptor (PRLR) to stimulate hair growth by supporting not only stem cell preservation but also prolonging the active growth phase of hair follicles.

Absci Corporation (NASDAQ:ABSI) is a Washington-based, data-first, generative AI drug-creation company. Founded in 2011, the company integrates AI with scalable wet lab technologies to develop unique antibody therapeutics.

While we acknowledge the potential of ABSI 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 ABSI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.