Stifel and Guggenheim Stay Bullish on Alumis (ALMS)

Alumis Inc. (NASDAQ:ALMS) is one of the Top 10 Hot Stocks with the Highest Upside Potential. As of June 29, analysts are bullish on Alumis Inc. (NASDAQ:ALMS), giving the stock a consensus Buy rating. The 12-month median price target of $39.50 set by analysts indicates a potential upside of 49.62% from the current stock price.

On May 15, Stifel reaffirmed its Buy rating on Alumis Inc. (NASDAQ:ALMS) and maintained a $44 price target after the company released its first-quarter 2026 update. The firm highlighted the full Phase 3 data for envudeucitinib, a TYK2 inhibitor, which was presented at the American Academy of Dermatology meeting in March. The data showed that PASI responses continued to deepen through week 24.

Stifel and Guggenheim Stay Bullish on Alumis (ALMS)

Alumis Inc. (NASDAQ:ALMS) expects to submit its New Drug Application in the fourth quarter of 2026, compared with its earlier guidance of the second half of 2026. The company is also expected to report longer-term data during the second half of 2026.

Earlier, on May 14, Guggenheim also increased its price target on Alumis Inc. (NASDAQ:ALMS) from $32 to $34 while keeping its Buy rating. The firm pointed to the company’s first-quarter earnings and clinical trial updates, including detailed data from the Phase III ONWARD1 and ONWARD2 studies of envudeucitinib.

Alumis Inc. (NASDAQ:ALMS) is a late-stage biopharma company focused on leveraging its proprietary data analytics platform and precision approach to develop next-generation targeted therapies for a range of immune-mediated diseases.

While we acknowledge the risk and potential of ALMS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ALMS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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