Leerink Partners Maintained a Buy on Merck & Co (MRK)

Merck & Co., Inc. (NYSE:MRK) is one of the Most Undervalued S&P 500 Stocks to Buy Right Now. On August 26, Daina Graybosch from Leerink Partners maintained a Buy rating on Merck & Co., Inc. (NYSE:MRK) with a price target of $107.

The analyst noted promising clinical trial results as one of the key reasons behind the bullish sentiment. Graybosch noted HARMONi-A, which showed that combining ivonescimab with chemotherapy significantly improved overall survival compared to chemotherapy alone. The analyst believes that this highlights the potential of VEGF-A/PD-(L)1 drug class in treating some lung cancers.

Moreover, ivonescimab offers durable benefits through VEGF-A antagonism. This is important because, unlike similar drugs like bevacizumab, it may avoid common side effects, making it a better option.

Merck & Co., Inc. (NYSE:MRK) is a global health care company that develops and sells prescription medicines, vaccines, and animal health products.

While we acknowledge the potential of MRK 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 MRK 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.