Merus (MRUS) Gains Validation With Zenocutuzumab Approval, Barclays Sees Growth Potential

Merus N.V. (NASDAQ:MRUS) ranks among the best biotech stocks to buy. On September 17, Barclays began coverage of Merus N.V. (NASDAQ:MRUS) with a price target of $112 and an Overweight rating. Barclays pointed out that the approval of zenocutuzumab for rare malignancies has commercially validated Merus’s platform.

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According to Barclays, Merus’s Phase 3 clinical asset, petosemtamab, is being investigated through two potentially registration-enabling Phase 3 trials for frontline and previously treated metastatic head and neck cancers.

With petosemtamab undergoing clinical derisking in head and neck malignancies and possible value creation in colorectal cancer through year-end 2026, the firm sees a substantial opportunity for share gain.

Merus NV (NASDAQ:MRUS) is a biotechnology company that develops antibody-based cancer treatments. It has several initiatives in the works, including Zenocutuzumab and Petosemtamab (MCLA-158).

While we acknowledge the potential of MRUS 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 MRUS 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.