Nurix Therapeutics, Inc. (NRIX) Price Target Trimmed After Q3 Miss, Buy Rating Reaffirmed

Nurix Therapeutics, Inc. (NASDAQ:NRIX) is one of billionaire Steve Cohen’s small-cap stock picks with huge upside potential. On October 14, H.C. Wainwright lowered its price target on Nurix Therapeutics (NASDAQ:NRIX) from $34.00 to $33.00, while reaffirming its Buy rating after the company’s Q3 2025 earnings. Nurix reported a net loss of $1.03 per share, wider than the expected $0.68, and generated $7.9 million in revenue—well below the projected $30 million.

Operating expenses were higher than anticipated, with R&D costs at $86.1 million. Despite the miss, Nurix ended the quarter with $428.8 million in cash, which H.C. Wainwright believes it will fund operations into early 2027. The revised price target reflects expectations of continued cost pressure, but the firm remains optimistic about the company’s long-term prospects.

Nurix Therapeutics, Inc. (NASDAQ:NRIX) is a biopharmaceutical company that discovers and develops targeted protein degradation (TPD) medicines to treat cancer and immune disorders by modulating the levels of specific proteins within cells.

While we acknowledge the potential of NRI 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 NRI 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.