Leerink Partners Remains Bullish on Merck & Co. (MRK)

Merck & Co., Inc. (NYSE:MRK) is one of the best affordable growth stocks to buy. On August 26, Leerink Partners analyst Daina Graybosch maintained a Buy rating on Merck & Co., Inc. (NYSE:MRK) and set a $107.00 price target.

Merck (MRK) as a Reliable Dividend Player in the Dogs of the Dow Lineup

The firm supported the optimistic rating with Merck & Co., Inc.’s (NYSE:MRK) clinical trials, stating that the successful results from the HARMONi-A study reflect the potential of the VEGF-A/PD-(L)1 class for the treatment of particular lung cancer types.

Graybosch added that another significant factor supporting Merck & Co., Inc.’s (NYSE:MRK) positive outlook is the potential for bispecifics to serve as a backbone for novel combinations in global studies. This would position Merck & Co., Inc. (NYSE:MRK) to maximize value.

Merck & Co., Inc. (NYSE:MRK) is a biopharmaceutical company that delivers health solutions to advance the treatment and prevention of diseases in animals and people.

Its Pharmaceutical segment offers vaccines and human health pharmaceutical products, typically therapeutic and preventive agents. Its Animal Health segment develops, discovers, manufactures, and markets a range of vaccines and veterinary pharmaceutical 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.