H.C. Wainwright Lifts PT on Summit Therapeutics (SMMT) to $50 From $44

Summit Therapeutics Inc. (NASDAQ:SMMT) is one of the best strong buy growth stocks to buy now. On August 27, H.C. Wainwright raised the firm’s price target on Summit Therapeutics Inc. (NASDAQ:SMMT) to $50 from $44, keeping a Buy rating on the shares.

Summit Therapeutics (SMMT) Climbs 16% Ahead of Q2 Earnings

The firm told investors in a research note that Akeso’s HARMONi-A study for ivonescimab validates the China data, showing that ivonescimab beats Keytruda.

It added that it is time to own shares of Summit Therapeutics Inc. (NASDAQ:SMMT), as it holds the position of Akeso’s partner in the United States.

Summit Therapeutics Inc. (NASDAQ:SMMT) is a biopharmaceutical company that discovers, develops, and commercializes patient, caregiver, physician, and societal-friendly medicinal therapies that target serious unmet medical needs, extend life, and enhance life quality. The company’s clinical programs focus on Clostridioides Difficile Infection (CDI).

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

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