Structure Therapeutics Inc. (GPCR) Has Gained Over 130% in 3 Months. Here is Why

Structure Therapeutics Inc. (NASDAQ:GPCR) is among the 14 best booming stocks to buy right now. The company’s shares have gained over 130% in the past three months, with a major surge since early December after reporting positive data related to its oral obesity pill.

Structure Therapeutics Inc. (GPCR) Has Gained Over 130% in 3 Months. Here is Why

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

A study testing aleniglipron on obese or overweight patients, with one or more co-morbidities tied to weight, demonstrated a weight loss of 11.3% after being treated for 36 weeks at a dosage of 120 mg. This was a significant development, given that most of the market is concentrated in injectables.

Structure Therapeutics Inc. (NASDAQ:GPCR) also shared that there is another clinical research ongoing, testing participants with a 240 mg dose, which produced even better results, with a weight loss of 15.3% at 36 weeks.

In other news, on December 17, the company announced that it was beginning the first human-based trial of ACCG-2671, an oral small-molecule amylin receptor to treat obesity.

Wall Street analysts have a bullish outlook for the stock, with a consensus Strong Buy rating and a one-year average share price target of $104, representing an upside of 49.94%, as of the close on January 12.

Recent analyst updates include one from LifeSci Capital on January 6, where it reiterated a Buy rating on the stock with a price target of $107. This followed BMO Capital maintaining its Outperform rating on January 2, with a price target of $130.

Structure Therapeutics Inc. (NASDAQ:GPCR) is a biotechnology company focused on the development of treatments for chronic metabolic conditions.

While we acknowledge the risk and potential of GPCR 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 GPCR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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