Leerink Partners Reiterates a Buy on Geron Corporation (GERN), Keeps the PT

Geron Corporation (NASDAQ:GERN) is one of the Most Oversold Penny Stocks to Buy Now. On August 12, Faisal Khurshid, an analyst from Leerink Partners, reiterated a Buy rating on Geron Corporation (NASDAQ:GERN) with a price target of $3.

The analyst noted that the company is taking bold steps to overcome the challenges in launching its new drug called Rytelo. Khurshid also noted the appointment of new CEO, Harout Semerjian, who brings relevant experience in hematology. The analyst sees this as a positive move toward the successful launch of Rytelo.

Leerink Partners Reiterates a Buy on Geron Corporation (GERN), Keeps the PT

A close-up of a laboratory technician in a laboratory, measuring a newly developed biopharmaceutical drug.

Moreover, the management remains optimistic regarding steady growth, and the recent second-quarter results have also shown a significant increase in demand.

Geron Corporation (NASDAQ:GERN) is a biopharmaceutical company focused on developing treatments for blood disorders.

While we acknowledge the potential of GERN 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 GERN 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.