Redburn Atlantic Maintains a Buy on Gilead Sciences (GILD), Sets a $143 PT

Gilead Sciences, Inc. (NASDAQ:GILD) is one of the best drug stocks to buy right now. In a report released on September 12, Simon Baker CFA from Redburn Atlantic maintained a Buy rating on Gilead Sciences, Inc. (NASDAQ:GILD) and set a price target of $143.00.

Why Gilead Sciences (GILD) Appeals to Income Investors in the Pharma Sector

In other news, Gilead Sciences, Inc. (NASDAQ:GILD) announced on August 26 that it attained marketing authorization for Yeytuo (lenacapavir) from the European Commission (EC).

Yeytuo is the company’s twice-yearly injectable HIV-1 capsid inhibitor that is used as “pre-exposure prophylaxis (PrEP) to reduce the risk of sexually acquired HIV-1 in adults and adolescents with increased HIV-1 acquisition risk who weigh at least 35kg”.

Management reported that Yeytuo is the first and only twice-yearly PrEP option to be approved for use in the 27 member states of the European Union, including Iceland, Norway, and Liechtenstein.

Gilead Sciences, Inc. (NASDAQ:GILD) is a biotech company that advances medicines to prevent and treat serious diseases such as cancer, immunodeficiency virus (HIV), viral hepatitis, and COVID-19.

Its portfolio of drugs focuses on medical areas with unmet needs and includes AmBisome, Atripla, Biktarvy, Cayston, Complera, and others. Gilead Sciences, Inc. (NASDAQ:GILD) operates in over 35 countries.

While we acknowledge the potential of GILD 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 GILD 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.