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Black Diamond Therapeutics, Inc. (BDTX) Price Target Trimmed as Piper Updates Biotech Models and 2026 Catalyst Tracker

We recently compiled a list of the 20 Best Biotech Stocks Under $20 to Buy Now. Black Diamond Therapeutics, Inc. is one of the twenty best biotech stocks.

TheFly reported on January 16 that Piper Sandler lowered the price target for BDTX to $8 from $9 and maintained an Overweight rating. The change coincided with the company’s revision of several models and price estimates throughout its biotechnology coverage, as well as an update to its 2026 Catalyst Tracker.

Separately, on December 3, 2025, Black Diamond Therapeutics, Inc. (NASDAQ:BDTX) released positive Phase 2 data for silevertinib in frontline NSCLC with non-classical EGFR mutations and demonstrated robust CNS activity with a 60% response rate. The company plans to negotiate with the FDA and carry out a randomized Phase 2 glioblastoma study in 2026 with funding through the second half of 2028.

Following this, on December 3, Guggenheim did not set a price objective for BDTX and instead reduced its recommendation from Buy to Neutral. The anticipated 2Q26 progression-free survival result and the planned Phase 3 trial’s increased risk were highlighted by analyst Brad Canino.

Black Diamond Therapeutics, Inc. (NASDAQ:BDTX) is a clinical-stage oncology company that focuses on developing MasterKey therapies that target families of oncogenic mutations across tumors. Its pipeline includes brain-penetrant, precision small-molecule inhibitors in trials for EGFR and other mutation-driven cancers, which aim to address unmet needs in solid tumors.

While we acknowledge the risk and potential of BDTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BDTX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Multibagger Stocks to Buy Heading into 2026 and 7 Best Rising Tech Stocks to Buy Now.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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