H.C. Wainwright Maintains a Buy Rating on Stoke Therapeutics (STOK)

​Stoke Therapeutics, Inc. (NASDAQ:STOK) is one of the Hot Growth Stocks to Invest in Now. On October 10, Ananda Ghosh from H.C. Wainwright reiterated a Buy rating on Stoke Therapeutics, Inc. (NASDAQ:STOK) with a $35 price target.

​The analyst noted the promising potential of the company’s Zorevunersen for treating Dravet syndrome as one of the key reasons behind their bullish sentiment. Ghosh highlighted that the drug’s 36-month open-label extension data showed long-term reduction in major motor seizure frequency along with cognitive and behavioral improvements. The analyst believes these results suggest that the treatment has the potential to become the first disease-modifying therapy for Dravet syndrome.

​In addition, Zorevunersen differentiates itself from the existing treatments due to its primary focus on symptomatic relief.

​Stoke Therapeutics, Inc. (NASDAQ:STOK) is a biotech company that develops RNA-based medicines for treating various diseases by increasing protein expression. Zorevunersen is one of the company’s lead drugs.

While we acknowledge the potential of STOK 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 STOK 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.