RBC Capital Initiates Coverage of Apogee Therapeutics (APGE) With an Outperform Rating

Apogee Therapeutics Inc. (NASDAQ:APGE) is one of the best strong buy stocks to invest in according to Wall Street. On September 25, RBC Capital initiated coverage of Apogee Therapeutics Inc. (NASDAQ:APGE) with an Outperform rating and a $60 price target.

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The firm expressed optimistic sentiments regarding the company’s potential to deliver clinically differentiated biologics, telling investors in a research note that Apogee Therapeutics Inc.’s (NASDAQ:APGE) early clinical and more recent Phase II atopic dermatitis data exhibited the beneficial properties of APG777 and its combo therapies.

RBC sees considerable revenue opportunities across several inflammation and immunology indications, supporting the optimistic rating.

Apogee Therapeutics Inc. (NASDAQ:APGE) is a biotechnology company that offers treatments for chronic obstructive pulmonary disease (COPD), atopic dermatitis (AD), and associated inflammatory and immunology (I&I) indications.

While we acknowledge the potential of APGE 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 APGE 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.