Double-digit Revenue Growth Till 2030 Drives BioMarin’s (BMRN) Bullish Thesis

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) is one of the 10 Cheap Stocks with Huge Upside Potential. On January 20, Canaccord Genuity raised BioMarin Pharmaceutical Inc.’s (NASDAQ:BMRN) price target from $84 to $98, implying 74.4% upside from the current share price. On January 13, Wedbush analyst Yun Zhong reaffirmed his Buy rating on the stock while maintaining a price target of $94. Yun Zhong’s Buy rating is based on several factors that reinforce the company’s ability to deliver sustained long-term growth. BioMarin’s 2025 revenue guidance is consistent with broader market expectations and is supported by the management’s goal of maintaining double-digit revenue growth into the 2030s.

BioMarin Pharmaceutical Inc. (BMRN): Among Small-Cap Healthcare Stocks Hedge Funds is Buying

The company continues to strengthen its leadership position in achondroplasia through Voxzogo, benefitting from a broad label, strong patient adherence, early treatment initiative, and global reach. At the same time, the firm is pursuing additional label and indication expansions in hypochondroplasia and other skeletal disorders. Regulatory and legal efforts, including an sNDA for full approval and strategies related to orphan exclusivity and competition, are intended to protect and extend this competitive position.

Moreover, recent pipeline developments offer incremental upside, with BMN‑351 showing dose-responsive dystrophin expression in Duchenne muscular dystrophy and BMN‑333 advancing into Phase 2/3 development. In addition to Wedbush, Evercore ISI also reaffirmed its Buy rating on the stock and set a price target of $110 on January 13.

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) operates as a biotechnology company. The company is engaged in the commercialization and development of therapies for life-threatening rare diseases and medical conditions. Its products consist of VIMIZIM, VOXZOGO, NAGLAZYME, and PALYNZIQ.

While we acknowledge the risk and potential of BMRN 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 BMRN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT:  Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy and 30 Most Fantastic Stocks Every Investor Should Pay Attention To.

Disclosure: None. This article is originally published at Insider Monkey.