H.C. Wainwright Reiterates a Buy Rating on MannKind Corporation (MNKD)

MannKind Corporation (NASDAQ:MNKD) is one of the best long-term penny stocks to buy right now. On August 25, H.C. Wainwright reiterated a Buy rating on MannKind Corporation (NASDAQ:MNKD), setting a $9 price target.

Is MannKind Corporation (MNKD) the Best Cancer Stock to Invest in for Long-Term Gain?

The firm told investors in a research note that it considers the company’s scPharmaceuticals acquisition positively, adding that it expects MannKind Corporation’s (NASDAQ:MNKD) shares to benefit from a more diversified revenue base.

It added that MannKind Corporation (NASDAQ:MNKD) paid a “very reasonable” price for the acquisition.

MannKind Corporation (NASDAQ:MNKD) is a biopharmaceutical company that develops and commercializes innovative therapeutic devices and products that address serious unmet medical needs for endocrine and orphan lung diseases.

The company’s pipeline and products include Afrezza, Pediatric Afrezza, V-Go, Tyvaso DPI, MNKD-101, MNKD-201, MNKD-301, and MNKD-501.

While we acknowledge the potential of MNKD 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 MNKD 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.