Is AtaiBeckley Inc. (ATAI) Stock a Psychedelic Medicine Opportunity Ahead of Phase 2 Results?

We recently compiled a list of the 7 Best Psychedelic Stocks to Buy According to Analysts. AtaiBeckley Inc. (NASDAQ:ATAI) is one of the best psychedelic stocks on our list.

TheFly reported on July 7 that Canaccord increased its price target on ATAI to $17 from $15 while maintaining a Buy rating on the shares. The firm revised its model following the company’s announcement that it had completed dosing the final participant in the Elumina Phase 2 study evaluating VLS-01, a DMT buccal film, for treatment-resistant depression. Canaccord noted that ATAI remains on track to report topline results in the fourth quarter of 2026.Is AtaiBeckley Inc. (ATAI) Stock a Psychedelic Medicine Opportunity Ahead of Phase 2 Results?

On July 6, AtaiBeckley Inc. (NASDAQ:ATAI) announced the completion of patient dosing in its Phase 2b Elumina clinical trial evaluating VLS-01 in adults with treatment-resistant depression. The multi-center, double-blind, placebo-controlled study enrolled 156 participants, with topline results expected in the fourth quarter of 2026. The company plans to progress VLS-01 into Phase 3 development for major depressive disorder, while generalized anxiety disorder remains a potential future indication. ATAI stated that VLS-01, alongside BPL-003, which is currently in Phase 3 development for treatment-resistant depression with Breakthrough Therapy Designation, could support a broader approach to treating mood and anxiety disorders.

AtaiBeckley Inc. (NASDAQ:ATAI) is a clinical-stage biopharmaceutical company formed through the merger of Atai Life Sciences and Beckley Psytech, focused on developing fast-acting, long-lasting psychedelic-based treatments for difficult-to-treat mental health disorders.

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

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