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Is ImmunityBio, Inc. (IBRX) The Best NASDAQ Stock Under $10 to Buy?

ImmunityBio, Inc. (NASDAQ:IBRX) is among the best NASDAQ stocks under $10 to buy. On December 15, Edward Tenthoff, an analyst at Piper Sandler, maintained a ‘Buy’ rating on ImmunityBio, Inc. (NASDAQ:IBRX), keeping a price target of $5, which suggests an upside potential of 125.23% from the current level.

Three days earlier, Jefferies lifted the price target on ImmunityBio, Inc. (NASDAQ:IBRX) to $9 from $8, reiterating a ‘Buy’ rating on the stock. This upward revision to the price target, reflecting over 250% upside potential, follows the European Medicines Agency’s (EMA) recommendation to grant conditional marketing authorization for Anktiva in NMIBC-CIS. This builds on the existing approvals in the United States and the United Kingdom.

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According to TheFly, Jefferies analysts believe ImmunityBio, Inc. (NASDAQ:IBRX) is executing its plans smoothly to expand its geographic and commercial presence, while advancing its pipeline. As the company engages in regulatory dialogue on papillary disease, with the NCCN guideline decision forthcoming, the BCG-naive data in the latter half of next year could present “another label expansion opportunity,” Jefferies notes.

Overall, ImmunityBio, Inc. (NASDAQ:IBRX) is a consensus buy among all five analysts covering the stock. With price targets ranging from $5 to $24, the median target of $8 implies 260.36% upside.

ImmunityBio, Inc. (NASDAQ:IBRX) is a California-based commercial-stage biotechnology company specializing in therapies to combat cancers and infectious diseases. Founded in 2014, the company has a mission to “harness the body’s own immune system.”

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

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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This prediction might not be bold at all:

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